Home Bargains Posts Strong Growth In Annual Turnover

Home Bargains has published its latest accounts, covering the financial year ended 30th June 2024.

The Liverpool-based company achieved an increase in turnover from £3,767 million to £4,209 million, an increase of £442 million (11.7%). Operating profit increased from £324 million to £434 million, up £110 million (34.2%). Growth was achieved by opening new outlets, relocations and increased contribution from existing stores, according to documents filed at Companies House.

On the 30th June 2024, Home Bargains operated from 617 stores, 23 more than the previous year. Further openings are anticipated throughout the year and Home Bargains has a long term aim of a network of 800 to 1,000 stores. 

Staff numbers increased to 28,100 (up 1,500 - 1,200 of which were additional retail staff). 

City AM reports that of the £1.22bn in dividends and asset distributions issued last year, the majority was paid to Tom Morris, who owns 98% of TJ Morris, the company that trades as Home Bargains.

Source : Insight DIY

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