Eve Sleep, a direct-to-consumer sleep wellness brand operating in the UK, Ireland and France, has reported 13 per cent revenue growth to £13.9 million in its first half (H1) of FY21 ended on June 30, 2021, against £12.2 million in the same period of previous fiscal. Demand for Eve’s hybrid mattress range and premium bed frames improved during the six-month.
“First half revenue growth is a pleasing result, and in line with our expectations. Our UK business is up 15 per cent on pre pandemic revenue levels reported in H1 of 2019. The balance across sales channels has shifted somewhat, but the overall business is in good health,” Cheryl Calverley, CEO of Eve Sleep, said in a press release.
“The start of our investment programme in France has been very encouraging, and we look forward to seeing this campaign power our business performance over the next two years, replicating the progress we have seen in the UK,” Calverley added.
“Whilst visibility on UK trading conditions for the second half of the year remains limited, the economic recovery looks to be gaining momentum, underpinned by ongoing strength in consumer spending, including on the home,” according to the mattress firm.
In its outlook for complete FY21, the company said that consumer confidence continues to strengthen, and personal savings remain at elevated levels, with fears of mass unemployment abating.
“These positive demand factors bode well for the retail sector and eve, and as yet the business has seen no signs of a return to pre pandemic shopping behaviour, suggesting the online momentum continues,” the company said in the release.
Fibre2Fashion News Desk (JL)
Eve Sleep, a direct-to-consumer sleep wellness brand operating in the UK, Ireland and France, has reported 13 per cent revenue growth to £13.9 million in its first half (H1) of FY21 ended on June 30, 2021, against £12.2 million in the same period of previous fiscal. Demand for Eve's hybrid mattress range and premium bed frames improved during the six-month.