FY22 Interim Results: Strong revenue growth, gaining market share and making good strategic progress

ProCook Group, the UK’s leading direct-to-consumer specialist kitchenware brand, today announces its interim results for the first half of FY22 (the 28 weeks ended 17 October 2021). 

Strong revenue growth of +34.4% continues in line with expectations, with significantly outperformance of the UK kitchenware market (by +41.9%pts). The successful IPO completed on 12 November 2021 with ProCook Group Plc being admitted to the premium segment of the London Stock Exchange. ProCook has opened six new destination stores in 2021 in line with its plan, and a cookery school at its flagship Tottenham Court Road store.  In addition, new stores open at Westfield London today and Westfield Stratford City on 18th December. 

Daniel O’Neill, CEO & Founder, commented: 

“In our maiden set of results as a listed business, we are pleased with our strong performance in the first half. We have made good strategic progress as we continue to share our passion for cooking; attracting more customers to experience our brand and our extensive kitchenware offer. 

I am incredibly grateful to all of our People who have shown such commitment to serving our customers and the enthusiasm they bring to building our brand, despite such a difficult backdrop. 

The retail markets and wider markets are experiencing continued challenges and uncertainties. Whilst not immune to these, our direct-to-consumer business model provides a strong foundation. We believe we are well positioned to continue to disrupt the market with our beautiful and great value product ranges, accompanied by our excellent service proposition, and we are excited by the many opportunities ahead of us.” 

Read the full report here.