StockMarketWire.com - British lifestyle brand Joules reported revenue growth of 1.3% for the first half of its financial year running to 31 May 2020.

Retail revenue increased by 3.1%, with an improved gross margin rate, the company flagging 'a disciplined approach to promotional activity'.

Wholesale revenue decreased by 3.8% reflecting the conversion of some larger accounts to retail concessions last year and the continued challenging UK trading environment.

International revenue continued to grow and represented approximately 17% of group revenue in the first half (H1 FY19: 15.8%).

Nick Jones, CEO, commented: 'Joules has delivered further profitable growth during the period despite the continued challenging trading environment.'


At 9:56am: [LON:JOUL] Joules Group Plc share price was 0p at 224p



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