TK Maxx full-year profits and sales soar

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For the 52 weeks ending February 2, 2019 the off-price retail titan reported gross profit of £464m, up from £422.5m the previous year, and profit before tax of £120.5m up from £87.1m.

The retailer also reported a 6.4% increase in total sales to in excess of £3.1bn, while like for like store sales increased 4% year-on-year.

Profit for the financial period was £103.4m, up from £74.7m the previous year.

 

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