Gymshark’s Impressive Revenue Growth
Gymshark has reached a remarkable milestone in its financial journey. The company announced that its FY24 revenue soared to an impressive £607.3 million, marking a 9% increase compared to the previous year. This achievement highlights Gymshark’s strong market presence and popularity among fitness enthusiasts around the globe.
However, despite this remarkable revenue growth, Gymshark faces challenges with its profitability. The company’s pre-tax profits have fallen for the third consecutive year. This trend raises concerns about the sustainability of its business model. Investors and industry analysts will be keen to see how Gymshark addresses these issues moving forward.
