Income Statement

  As reported   52-week comparable2
  FY24
£m		 FY23
£m		 YoY
%		   FY24
£m		 FY23
£m		 YoY
%
Revenue 290.4 354.0 (18)%   288.5 333.4 (13)%
Cost of sales (178.5) (205.7) (13)%   (171.2) (166.7) 3%
Fulfilment costs (54.5) (68.2) (20)%   (54.6) (78) (30)%
Gross profit pre inventory provision 57.4 80.1 (28)%   62.7 88.7 (29)%
Inventory provision4 (2.4) (10.3) (77)%   (2.4) (10.3) (77)%
Contribution1 55.0 69.9 (21)%   60.3 78.4 (23)%
Advertising costs (19.0) (17.7) 7%   (19.0) (16.3) 17%
General and administrative costs (37.9) (53.1) (29)%   (36.3) (47.2) (23)%
Analysed as:
Operating general and administrative costs3 (35.9) (41.1) (13)%   (35.9) (40.3) (11)%
Marketing R&D - (5.4) n/a   - (5.4) n/a
Share-based payments (0.4) (1.5) (73)%   (0.4) (1.5) (73)%
Software as a Service costs4 (0.1) (2.3) (96)%        
Restructuring costs4 (1.3) (1.5) (13)%        
Other adjusted items4 (0.2) (1.3) (85)%        
  (37.9) (53.1) (29)%   (36.3) (47.2) (23)%
Impairments4 (9.9) (18.2) (46)%        
Profit on disposal of asset held for sale4 - 4.8 n/a        
Operating (loss)/profit5 (11.8) (14.3) 17%   5.0 14.9 (66)%
               
Analysed as:        
Adjusted EBIT 5.0 17.4 (71)%        
Adjusted items (16.8) (31.6) (47)%        
Operating loss (11.8) (14.3) 17%        
  1. Contribution is disclosed as gross profit in the income statement.
  2. Refer to the table on page 111 of the Annual Report for a reconciliation of reported to 52-week comparable performance.
  3. Refer to the table on page 112 of the Annual Report for a reconciliation of G&A costs to those reported in the income statement.
  4. Refer to note 7 - Adjusted Items, on page 74 of the annual report.
  5. 52-week comparable figures do not represent statutory operating profit amounts.