London · Delayed Price · Currency is GBP · Price in GBX ProCook Group Earnings Call Transcripts
Fiscal Year 2026
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Record sales and profit growth were achieved, with revenue up 23% and strong gains in both retail and e-commerce. Strategic investments in technology, supply chain, and store expansion are set to drive further growth, despite a soft market backdrop.
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Record H1 sales and market share gains were driven by strong like-for-like and new store growth, with improved margins and EBITDA. Strategic investments in stores, service, and paid media are fueling customer acquisition and brand engagement.
Fiscal Year 2025
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The meeting confirmed quorum, reviewed and voted on 16 resolutions, all with strong proxy support. Shareholders participated via Q&A, with a trading update deferred until after Q2 results in October. Poll results will be announced via RNS.
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Revenue grew 7.5% year-on-year in H1, driven by strong volume growth, new store openings, and e-commerce gains. Gross margin declined due to price investments and product mix, but cost discipline improved OpEx ratios. Outlook for FY2025 remains confident, with continued market share gains and expansion plans on track.
Fiscal Year 2024
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The AGM covered formal business, with all resolutions recommended by directors and proxy votes strongly in favor. Shareholder questions focused on the employee share plan, with rationale provided for potential exercise price adjustments. Poll results will be announced post-meeting.
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Returned to profitability with £1M profit before tax and 420 bps gross margin improvement, driven by retail growth and cost discipline. Plans include 10 new stores in FY25, stable margins despite shipping disruptions, and a focus on customer experience and brand awareness.