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John Lewis Partnership sales up 9.3% in FY'13

07 Mar '13
3 min read

Financial Results

In 2012/13 the Partnership traded strongly in a tough market, and achieved robust sales and profit growth. Both Waitrose and John Lewis grew sales well ahead of their respective markets, increasing their market share.

 
Partnership gross sales (Inc VAT) were £9.54bn, an increase of £811.8m, or 9.3%, on last year. Revenue, which is adjusted for sale or return sales and excludes VAT, was £8.47bn, up by £706.9m or 9.1%. Operating profit was £452.4m, an increase of £59.1m, or 15.0% on last year, and operating profit margin increased by 0.3% to 5.3%.
 
Profit before Partnership Bonus and tax was £409.6m, an increase of £55.8m, or 15.8%, on last year, while cash generated from operations grew to £973.9m, an increase of £214.8m, or 28.3%.
 
These results reflect the collective hard work of our Partners who, as co-owners, will each receive the same percentage of annual pay as a cash bonus.  Partners will share £210.8m in profit, which represents 17% of pay or the equivalent of nearly 9 weeks' pay.
 
 

John Lewis Partnership plc

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