The group reported EBITDA of £6m and a profit before tax of £3.1m for the year ended 31 March, 2024.
The gross margin improved by 270 basis points to 42.6% during the period. The company said that the home retail market had been significantly affected by lower consumer demand.
Emma Leeke, managing director of Leekes Retail, commented: “We are delighted to report continued strong results despite the well-publicised challenges faced in the retail sector.
“Our excellent profitability over the last four years has enabled us to continue our programme of investing in significant capital expenditure in our retail business. We are excited by the successful opening of our newest store in Cheltenham last week and the imminent start of the final phase of the refurbishment of our flagship store in Llantrisant, South Wales.”
