Bensons for Beds has delivered its strongest profits since 2019 and improved performance in the current financial year.
The chain swung back into the black on an adjusted EBITDA basis in the year to 27 September, with a £900,000 loss becoming a profit of £4.8m.
Gross ordered sales increased by 4% to £324.8m: the 13 consecutive quarter of sales growth. It opened 21 stores in the period.
Since last Autumn, performance has improved with sales growth increasing along with profitability.
The group says it enjoyed continued market share growth in core categories; ‘strong improvements’ in conversion rates and average transaction values and new and refurbished stores are delivering strong returns within six months of opening, although details were not available.
‘This has been a really important year for Bensons for Beds. It’s still a tough market and there’s no getting away from that, but what’s genuinely changed is how we show up every day for our customers and for each other. We’ve invested in our people, our stores and the overall customer experience, and stayed focused on what we can control. The improvement in EBITDA and cash generation reflects that, but behind the numbers is a business that feels more confident, more capable and more consistent,’ says Nick Collard, Bensons for Beds ceo.
‘I’m especially proud of our colleagues and their dedication and expertise. Being recognised as a Great Place to Work and winning industry awards during the year really matters, because it reflects the culture we’re building and the standards we set ourselves. That shared sense of purpose is now coming through in stronger performance and a more resilient business.’
