Home, garden and leisure retailer The Range has reported an uptick in sales and a return to profit.
According to its latest filed accounts for the year ended 2 February 2025, total sales rose 13.5%, or by £175m, to £1.47bn from £1.29bn in 2024.
Pre-tax profit resulted at £541,000, improving from a loss of £22.8m recorded the previous year.
Stated within its report, the group said: “The period ended 2 February 2025 has been a successful period for the business as it posts significant revenue growth and a return to pre-tax profits.
“Whilst pre-tax profits are minimal, these are even more impressive given the significant number of one-off costs the business carried throughout the year in relation to the integration of the Wilko website, opening of a new distribution centre in Stowmarket and recent acquisition of 53 previous Homebase stores.
“Headline gross profit margin decreased to 33.8% (2024: 34.0%). This decrease is a reflection of additional distribution centre (DC) costs, namely our new 1.2 million square foot DC in Stowmarket.
“The FY25 actuals plus forecast show a material uplift in both revenue and EBITDA for the period as the business continues on its journey of store expansion across the United Kingdom. The acquisition of the Homebase stores alone is forecast to deliver approximately £375m of turnover on a full-year basis.
“The Group continues on its journey of driving operational efficiencies, aided by the consolidation of DCs, streamlining processes and looking for automation opportunities across the business.”

