+++17 Dec 2021 10:07
Gross sales up 28% in the three-month period, net sales up 10%
· Exceptional UK demand, validating the strength of our business model where our leading proposition across price, product and service continues to resonate strongly with customers across our brand portfolio
o UK gross sales up 58% vs FY21; 102% vs FY22
o UK net sales up 32% vs FY21; 78% vs FY20
The Group continues to invest in building a distribution network capable of supporting in excess of £5 billion of net sales, with our first US distribution centre expected to go live in 2023, and we are considering options to expedite this process.
EBITDA of between £117 million to £139 million.
In addition, the Group's confidence in its medium-term margin guidance for 10% Adjusted EBITDA margin is unchanged, with financial performance this financial year containing costs that are pandemic-related which will unwind, as well as our investment into recently acquired brands and the Debenhams platform that will leverage as they scale.