Fashion Retailer Sees Growth in EBITDA and Gross Margin
- AllSaints’ operating profit increased by 40% to £39.9m
- Total revenue up 0.6% to £459.5m
- Gross profit margin increased to 63%
- Retail revenue down 2.9% to £316.5m, non-retail revenue up 18.4% to £77m
- Pre-operating exceptional EBITDA rose 18% to £68.9m
- New store openings in Los Angeles and Shanghai
- Direct retail strategy shifted towards targeted promotional activity
- CEO Peter Wood praises team’s efforts and looks forward to the brand’s 30th anniversary year
AllSaints has reported a record performance with its operating profit rising by 40% to £39.9m for the year ended 3 February 2024. The fashion retailer’s pre-operating exceptional EBITDA also increased by 18% to £68.9m. Total revenue edged up 0.6% to £459.5m, with a focus on growing wholesale, franchise, and licensing partnerships. Gross profit margin improved to 63%. Retail revenue fell slightly by 2.9% to £316.5m while non-retail revenue grew 18.4% to £77m. New store openings in Los Angeles and Shanghai contributed to the growth. The direct retail strategy shifted towards targeted promotional activity, and the CEO praised the team’s efforts.
Factuality Level: 8
Factuality Justification: The article provides accurate and relevant information about AllSaints’ financial performance, including specific numbers and details about their revenue, profit, and growth strategies. It also includes quotes from the CEO that support the claims made in the article. The information is presented objectively without any clear signs of sensationalism or opinion masquerading as fact.
Noise Level: 3
Noise Justification: The article provides relevant information about AllSaints’ financial performance and expansion plans, but it lacks analysis of long-term trends or possibilities, accountability, scientific rigor, and actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: AllSaints and John Varvatos stores
Financial Rating Justification: The article discusses financial performance of AllSaints, its operating profit, revenue growth, and EBITDA, as well as the opening of new stores and partnerships. This directly relates to financial topics and impacts the companies themselves.
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 article.

