Retail group Frasers has reported a growth in full year sales although its Premium Lifestyle segment saw revenues decline.
According to its full year results for the 52 weeks ended 26 April 2026, total group sales rose 8.7% to £5.3bn, driven by international revenue growth of 59.2% to £1.6bn.
Adjusted pre-tax profit resulted at £538m, down by 4%. Reported pre-tax profit rose 38.9% to £527.8m, due to the non-repeat fair value losses on equity derivatives held in relation to strategic investments.
Within its Premium Lifestyle division, which includes Flannels, House of Fraser, Sofa.com and Amara.com, sales fell 6.9% to £975.7m from £1bn. Gross margin increased from 39.4% to 42.3% with profit from trading down from £157.4m to £147.6m.
Michael Murray, Chief Executive of Frasers Group: “The Elevation Strategy is going from strength-to-strength, with positive momentum from brand partners and strong feedback from consumers validating our strategy and giving us the confidence to continue to execute with ambition and conviction.
“However, we continued to feel the impact of tough trading conditions, subdued consumer confidence and industry-wide excess inventory levels through Half 2 and into the start of FY27. These pressures are weighing on the entire sector, creating a prolonged and challenging environment, meaning the full potential of this progress has not yet been realised.
“Despite these external factors, the Group remains focused, resilient and will continue to invest in opportunities that support sustainable profitable growth.”
