Gym Shark Analysis
FY24 Results
Released: April 29, 2025For the year ended July 31, 2024
Revenue
£ 607.3M(ZAR 14,271.6M)
+9% YoY
Gross Margin
63%+3pp YoY
Profit Before Tax
£ 11.9M(ZAR 279.7M)
-9.2% YoY
Quarterly Revenue Trend
Regional Growth (YoY)
Sales Channel Distribution
Orders increased by 14.1% | Units sold grew by 13.6%
Additional Highlights
- Adjusted EBITDA rose 14% to £ 51.7M(ZAR 1,215M)
- International sales: Grew 20% excluding North America
- North America: Sales rose 6%
- Retail expansion: Second permanent UK store opened in Westfield Stratford
Q1 2025 Update
Released: Early May 2025For the quarter ended March 31, 2025 (partial data)
Q1 Revenue
$ 412.3M
+4.4% YoY
Strategic Focus
Omnichannel
Expansion ongoing
Outlook
3-Year Plan
Growth & profitability
Strategic Initiatives
- Restructuring to improve operational efficiency
- Expansion of physical retail presence
- New flagship stores in London and New York
- US headquarters moved from Denver to New York
2025 Focus Areas
- Expenditure control: Improving operational efficiency
- Omnichannel development: Integrating online and physical retail
- Wholesale partnerships: Expansion in UK and GCC region
- Profitability: Focus on sustainable growth amid economic uncertainties