Gail’s delivered soaring sales last year as the upmarket bakery chain plans to open 40 new stores in the year ahead.
For the year to 28 February 2025, revenue grew by 20% to £278m, while EBITDA also rose by 20% to £53.3m, according to accounts filed at Companies House.
The “strong year-on-year growth” was “underpinned by the increasing demand for high-quality, nutrient-dense food, and by the support of the communities we serve”, a Gail’s spokesperson said.
However, pre-tax losses widened from £7.4m in 2024 to £7.8m over the period. The group noted that margins had been affected by a rise in energy and staff costs over the period, while store pre-opening costs totalled £51m.
However, the group delivered 36 new openings in the year, including the first openings in the south west of England, bringing its total to 185 sites. In the year ahead, Gail’s plans to open a further 40 bakery stores in England.
The spokesperson added: “We will continue to build on this momentum by growing with purpose and remaining committed to improving access to good food.”
It comes as Gail’s owner, private equity firm Bain Capital, is understood to be searching for new investors for the bakery chain as it continues its expansion plans.
According to The Times, advisers at Goldman Sachs have been brought in to begin discussions around potential investment opportunities. However, it is understood a formal sale process has not yet started.
No comments yet