Today Ted Baker Plc (LON:TED) released its annual results for the 52 weeks up to 30th January 2016 which the CEO said was another year of strong progress as a global lifestyle brand.

During the year group revenue at the retailer rose by 17.7% from 456.2 million to £387.6 million whilst profit before tax was up 20.3% gaining £9.2 million on 2015’s 49.5 million allowing it to reach £58.7 million.

The business saw a significant improvement in e-commerce sales which were up 45.8% reaching £53.5 million. Geographically the largest growth for Ted Baker was seen in the US and Canada where retail sales jumped 27.3% to £80.6m whilst in Europe and the UK sales were up 8.9% to £252.5 million.

Ray Kelvin CBE, Founder and Chief Executive, said:

“I am pleased to report another year of strong progress in Ted Baker’s continued development as a global lifestyle brand. We have again traded very well – despite an uncertain backdrop in some of our markets – which is testament to the strength of the Ted Baker brand as well as our unwavering focus on quality, design and attention to detail.


The Group is continuing to invest in its team and infrastructure to support Ted Baker’s stability and long-term growth. This includes the purchase of our iconic Central London home at the Ugly Brown Building as well as investment in a new, state-of-the-art European distribution centre in the UK.”

Kelvin went on to say that the company has further developed its brand globally with new store openings in Amsterdam, Azerbaijan, Hawaii, Mexico and Qatar whilst there are plans this year for additional worldwide stores.

Adjusted earnings per share came in at 100.6p compared to 83.2p the prior year, a 20.9% improvement whilst the company raised its dividend by 28.6% to 47.8p from 40.3p the prior year.