Wyevale Garden Centres has posted operating profit of £34.1m, an impressive rise of 55% in the year to 28 December 2014.
The UK’s largest garden centre retailer saw sales grow by 5% to £290.4m, EBITDA rose by 31.4% to £56.1m, and gross margins increase by 3.3% to 56.5%. Also, sales from its concessions was up 25.7% to £18.1m.
Over the year the group modernised operations, broadened its retail proposition and award-winning restaurant offer, and invested in improving our centres for customers.
Wyevale increased its estate to 148 sites with the acquisition of nine garden centres in the year.
The plans for this year include the launch of a full multichannel offer with home delivery and click-and-collect.