UK’s Frasers Group’s gross margin up 40 bps, revenue falls 8.3% YoY

Frasers Group plc’s revenue fell 8.3 per cent to £2,540.1 million (~$3,175.1 million) in H1 FY25, with retail revenue down 8.4 per cent.
Gross margin improved 40 bps to 43.4 per cent.
Operating profit dropped 10.5 per cent to £266.8 million (~$338.1 million) due to impairments and forex losses.
APBT declined 1.5 per cent to £299.2 million (~$379.1 million).