Fashion retailer Quiz has grown its full year revenue by 17% to £91.7 million after its occasion wear offering was boosted by the absence of Covid-19 related restrictions.
In the year to 31 March, pre-tax profit increased to £2.3 million from £0.8 million while EBITDA rose by 21% to £6.2 million.
During the year, the retailer continued to deliver online growth with a 13% increase in sales through its own website. It also grew its number of active customers, which climbed by 11% as demand rose for its occasion wear offering.
The retailer has seen its year-on-year growth moderate during the current calendar year as inflationary pressures continue to impact consumer confidence. This has resulted in like-for-like revenues in recent months being lower than the previous year. In the three months to 30 June, total sales declined by 15.1% to £23.2 million.
Quiz now expects pre-tax profit its current financial year to be similar to that generated in the previous year.
