1. Adjusted measures for 1 April 2023 have been restated as a result of net pension finance income being reclassified as an adjusting item (2023/24 £24.0m, 2022/23 £28.7m).
2. References to ‘sales’ throughout this announcement are statutory revenue plus the gross value of consignment sales ex. VAT.
Non-GAAP measures and alternative profit measures (APMs) are included below. A glossary and reconciliation to statutory measures is provided at the end of the Full Year Results announcement for 52 Weeks Ended 30 March 2024. Adjusted results are consistent with how business performance is measured internally and presented to aid comparability. Refer to Notes 1 and 3 of the financial information in the announcement for further details.
|
Group Results (52 weeks ended) |
30 March 24 |
1 April 23 |
Change (%) |
|
Statutory revenue |
£13,040.1m |
£11,931.3m |
9.3 |
|
Sales2 |
£13,109.3m |
£11,988.0m |
9.4 |
|
Operating profit before adjusting items |
£838.6m | £626.6m | 33.8 |
|
Profit before tax and adjusting items1 |
£716.4m |
£453.3m |
58.0 |
|
Adjusting items1 |
(£43.9m) |
£22.4m |
n/a |
|
Profit before tax |
£672.5m |
£475.7m |
41.4 |
|
Profit after tax |
£425.2m |
£364.5m |
16.7 |
|
Basic earnings per share |
21.9p |
18.5p |
18.4 |
|
Adjusted basic earnings per share1 |
24.6p |
16.9p |
45.6 |
|
Adjusted return on capital employed1 |
14.1% |
10.6% |
33.0 |
|
Free cash flow from operations |
£413.7m |
£170.4m |
n/a |
|
Net (debt) |
(£2.17bn) |
(£2.64bn) |
n/a |
|
Net funds/(debt) excl. lease liabilities |
£45.7m |
(£355.6m) |
n/a |