Mike Ashley's Frasers' Annual Revenue Misses Expectations

Frasers ‘working hard’ to offset cost hit as sales improve

The Sports Direct owner reported a 2.8% rise in underlying pre-tax profits to £560.2 million for the year to April 27.

Mike Ashley's Frasers' annual revenue misses expectations

Frasers Group has today reported lower-than-expected annual revenue as the British retailer grappled with a tough luxury market and took a hit from closures of unprofitable stores, sending its shares lower.

Frasers Group posts profit growth in FY25 but expects £50m budget hit

Frasers Group has reported group revenue of £4.9bn ($6.5bn) in the fiscal year 2025 (FY25), a 7.4% decrease from FY24.The post Frasers Group posts profit growth in FY25 but expects £50m budget hit appeared first on Retail Insight Network.

Frasers Group Ramps Up Property Investment as Retail Revenues Dip

Frasers Group has reaffirmed its commitment to property as a core element of its growth strategy, highlighting real estate investment as a “key focus” amid shifting retail dynamics. The group’s property division generated £13.9 million in revenue for the 2025 financial year, marking a 19.1% year-on-year increase. This accounted for 1.8% of total group revenue and reflects a strategy built around targeted acquisitions and asset enhancement. The u…

Mike Ashley's investments double to £1bn thanks to Hugo Boss

The total value of the stakes Mike Ashley’s empire holds in the likes of Hugo Boss, AO World and Boohoo have doubled to £1bn in just over a year, it has been revealed. According to the group’s latest financial results, which have been filed with the London Stock Exchange, the value of its investments in a range of household names surged from £495.4m to £959.1m in the year to 27 April, 2025. The value of its investment in Hugo Boss – which increa…

Frasers Group warns of softer profits as it braces for £50m Budget hit - Retail Gazette

Frasers Group has posted a 2.8% increase in its annual profits but warned of softer earnings in its forthcoming year as it grapples with £50m in extra costs due to changes outlined in last year’s Budget. The Sports Direct owner delivered an adjusted pre-tax profit of £560.2m in the 52 weeks to 27 April, despite group revenue falling 7.4% to £4.93bn. It expects to deliver an adjusted profit before tax to fall in the range of £550m and £600m takin…