Go Outdoors profits reduce by half

Source: Mintel 20-11-2023

Go Outdoors profits nearly halved in the year to the end of January, falling to £13 million, down from £21.5 million last year. This was driven by property, utility and freight costs, which had “increased disproportionately”.

Meanwhile, sales edged up 7% to £338 million, driven by strong in-store sales. It grew UK store numbers from 68 to 86 during the period.