Strong Peak Trading Performance and Future Outlook
- The Very Group’s sales increased 2.3% YoY during the seven weeks leading up to Christmas
- Home and beauty category saw a 15% growth YoY
- Toys, gifts, and beauty rose by 7.3% YoY
- Fashion and sports categories increased 2.9% YoY (11.2% excluding Nike)
- Games consoles, perfumes, and pillows were top sellers
- Lego and air fryers also performed well
- Expected Q2 FY25 adjusted EBITDA growth of 16-18%
- Robbie Feather, CEO of The Very Group, credits team’s efforts and online shopping experience
- Customers shopped later but spent more during peak season
- Boxing Day and January sales saw continued momentum
- Confident in proposition for rest of 2025 with multi-category retail and flexible payment options
The Very Group experienced a 2.3% year-on-year sales increase during the seven weeks leading up to Christmas 2024. The home and beauty category saw a significant 15% growth, while toys, gifts, and beauty rose by 7.3%. Fashion and sports categories increased by 2.9%, or 11.2% excluding Nike. Games consoles, perfumes, and pillows were among the best-selling items, with Lego and air fryers also performing well. The Very Group anticipates a Q2 FY25 adjusted EBITDA growth of 16-18%. CEO Robbie Feather attributes this success to the team’s efforts and enhanced online shopping experience. Customers delayed their purchases but spent more during peak season, with Boxing Day and January sales continuing the momentum. The company remains confident in its multi-category retail and flexible payment options for the rest of 2025.
Factuality Level: 10
Factuality Justification: The article provides accurate information about The Very Group’s sales performance and CEO’s comments on the peak trading period, including specific product categories and growth percentages. It also includes a quote from the CEO discussing future expectations and strategies.
Noise Level: 3
Noise Justification: The article provides relevant information about The Very Group’s sales performance during the peak trading period and CEO’s comments on their strategy. It includes specific product categories and growth percentages, which supports its claims with data. However, it lacks a broader context or analysis of market trends or potential risks.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses the financial performance of The Very Group, a retail company, and their sales growth during a specific period. It also mentions expectations for future EBITDA growth. However, it does not directly impact any financial markets or companies outside of The Very Group.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
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