Revenues jump at Angling Direct after strong online sales
Angling Direct has hailed โstrong momentumโ as rising online sales helped support a jump in revenues for the past six months.
Shares in the company moved higher in early trading on Wednesday as it also reported stronger footfall in stores.
Steve Crowe, chief executive of Angling Direct, said the results showed โsustained progressโ against the retailerโs targets.
The fishing product chain, which runs 55 stores in England and Wales, saw group revenues rise by 17% to ยฃ53.6 million for the half-year to July.
UK sales grew by 17.7%, lifted by a 21.2% jump in online sales to ยฃ20.6 million.
Meanwhile, sales from its UK retail stores rose by 15.4% to ยฃ30.5 million as they benefited from โincreasing levels of footfallโ.
Angling Direct opened a new store in Chester in May and another site in Bradford earlier this month.
The company said it is โcomfortably trading in lineโ with market expectations for the current year.
Mr Crowe added: โIn the UK, we have continued to build on the strong momentum delivered in full-year 2025 by leveraging both our digital and physical footprint to increasingly join up our omni-channel customer offer.
โWe have made pleasing progress on gross margin development against the inflationary cost base backdrop.
โOur focus remains on delivering the best value, flexibility and service for our customers and we are pleased to have opened two new stores to date, and the new openings pipeline remains strong.โ
Shares in the business were up 6.4% on Wednesday morning.
