Outpacing Company Store Growth
Posted by Milton Griepp on September 6, 2018 @ 3:58 am CT
Sales through company stores grew faster than the store count increase; the company was operating 134 stores in North America at the end of the period, up 23 from the 111 at the end of the previous fiscal year in mid-2017.
Growth rates by channel roughly flipped from the year ended May 28, 2017, when sales through North American company stores were up 58% and sales to the trade were up 39% (see "Games Workshop Company Store Sales Up 58% in North America").
Store count in North America is going to continue to grow; it’s one of two territories (Germany is the other) where the company plans to concentrate new store openings in the current year.
Overall, the company had a second spectacular year, turning a 39% worldwide growth rate (see "Games Workshop Sales Up 39% for Year") into a £59.7 million after-tax net profit.