Dune's net loss widens to £6.2 million as expansion spending outpaces results
- Dune Topco Ltd's turnover fell to £137.6 million in the 53-week year to February 2025 from £141.9 million in the prior 52-week year, while gross profit dipped to £66.1 million from £68.2 million.
- The operating loss widened to £5.88 million from £2.7 million, and the net loss reached £6.2 million against about £1.7 million the year before.
- The company admitted its results lag behind the strategic changes under way, since heavy investment in expansion will only show up in future years.
- Management said AW25 trading is strong, with like-for-like sales up in double digits as demand for boots and bags grew.
- The strategy is transitioning the business from a UK high street footwear retailer into a global footwear and accessories brand distributed through partners.