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Mulberry revenue rises 4% in FY26 as gross margin improves
Gross margin increased to 72% from 67% in FY25, while the company narrowed its pre-tax loss to £8.9m from £32.2m.
Mulberry Group reported group revenue of £125.5 million for fiscal year 2026, up 4% from £120.4 million a year earlier, with growth accelerating to 11% in the second half, according to Yahoo Finance. For the 52 weeks ended March 28, 2026, like-for-like revenue across retail and digital rose 9%.
The company said gross margin improved to 72% from 67% in FY25. It also reported a pre-tax loss of £8.9 million, compared with a £32.2 million loss in the prior year, and reduced its underlying pre-tax loss to £8.0 million from £24.1 million.
Mulberry posted positive underlying EBITDA of £800,000, versus an underlying EBITDA loss of £16.8 million a year earlier. The outlet also said current-year trading started on a stronger footing, with second-half momentum carrying into FY27.
In the 13 weeks to June 27, 2026, group revenue was 23% higher than in the same period last year. Retail and digital revenue rose 18% year over year, and was up 21% on a like-for-like basis, with the company noting double-digit like-for-like growth across all regions.