Profits almost double at Frasers Group in record year

Profits at Shirebrook-based Frasers Group nearly doubled for the year ending April 30, the firm revealed this morning (27 July).

The retail giant’s surplus came in at £660.7m over the period – a rise of almost 97% on 2022’s figures.

Revenue also rose – by almost 16% – to £5.57bn for the 12-month period.

Frasers put the record performance down to profitable growth in its sports retail business.

Michael Murray, chief executive of Frasers Group, said: “In my first full year as chief executive, we have delivered a strong performance across the group. We were bold in setting our full year guidance twelve months ago, before the full impact of the cost-of-living crisis was clear, but our business has remained resilient, and we have met these expectations.

“We enter the new financial year in a strong position and are determined to unlock further growth, underpinned by our laser focus and acceleration of our elevation strategy.”