Victorian Plumbing welcomes strong start to FY23
Over the period, it also reported an improvement in gross margin and marketing spend efficiency versus the comparative period last year
Register to get 1 more free article
Reveal the article below by registering for our email newsletter.
Want unlimited access? View Plans
Already have an account? Sign in
Victorian Plumbing has welcomed a “strong” start to the financial year, with revenues up by 10% in the five months to 28 February 2023.Over the period, it also reported an improvement in gross margin and marketing spend efficiency versus the comparative period last year.
This performance was said to be in line with the trading patterns set out in an update provided by the bathroom retailer alongside its full-year results on 6 December 2022.
The retailer said it has continued to focus on its long-term goals, making good progress across all strategic growth areas.
Since its last full-year results, it has replatformed its website to “enable further improvement to the customer journey” and has also agreed a 20 year lease for a new 544,000 square foot distribution centre in Lancashire to support future growth plans.
It will report its interim results for the six months ending 31 March 2023 on 23 May 2023.
