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Home Bargains Reports 13% Rise In Turnover

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The parent company of Home Bargains has reported turnover of £2,792 million for the year ended 30th June 2020, a 13% rise on the previous year (£2,471 million).  The company states that this was achieved through the opening of new stores, relocation of others, and strong performance from existing outlets.

Operating profit also increased by 13%, reaching £261 million, up from £231 million in the previous year.  Gross profit reached £886 million, up from £778 million.

Around 2,500 extra staff were employed during the year, bringing the total to 25,300. 

Home Bargains ended the reporting period with 525 stores, up from 506 in 2019, and said it intends to continue opening stores during the current financial year.  Ultimately, the company said it is aiming for between 800-1,000 stores. 

Learn more about the company's performance in the year ended June 2019. 

Source : Insight DIY Team

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24 February 2021

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