UK's John Lewis reports 5.7% rise in FY sales, up at £10.2bn

By

Cajsa Lykke Carlson

Published
Apr 24, 2015

British department store retailer John Lewis today published its full-year results for the 2014/15 financial year. Gross sales in the period rose 5.7% to £10.2bn.

Operating profit was up 4.7% to £450.2m, while operating profit before exceptional items fell -7.5% to £442.3m. Revenue rose 5.6% to £9.7bn. The retailer opened 33 Waitrose shops and three new John Lewis stores in the period.

Chairman Sir Charlie Mayfield said: "During the year, we achieved strong sales with continued market outperformance. Good profit growth in John Lewis was offset by lower profitability in Waitrose. We have invested an additional £294m into the pension fund and reduced future risk by approving a new hybrid pension scheme."

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John Lewis' 93,800 partners, the company's employees, received bonuses of 11%, down from 15% last year.

John Lewis also released weekly figures for the week to April 18 today. Sales were down 4% year-on-year to £71.57m in the week, which the company said is due to the fact that this week last year was the run-up to Easter.

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