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V2 Retail holds FY27 revenue growth target above 50% despite weaker same-store sales
Our read
V2 Retail probably lands near or just short of 50% growth: store-led expansion carries the year, but the target depends on back-half openings because same-store sales will not help.
For operators
V2 Retail's growth is almost entirely store-led, with same-store sales of only 5-7% and about 200 openings planned by year-end, so rivals in value apparel should expect tougher competition for sites and watch how fast its new stores ramp.
Watch
Cumulative store count against the ~200 planned additions, and how many of the 104 signed leases have opened
Ask next
The report,
V2 Retail kept its FY27 revenue growth guidance at more than 50% after growing around 42% in the first half, while expecting full-year same-store sales growth of 5-7%. It has opened 106 stores and signed leases for 104 more.
- FY27 revenue growth guidancemore than 50%
- H1 FY27 revenue growtharound 42%
- FY27 same-store sales growth outlook5-7%
Reported figures
From the report. Source details below
| New stores added by end of FY27: | around 200 |
|---|
Why it matters to operators
Holding guidance above 50% after about 42% growth in H1 means the second half has to accelerate, and with same-store sales at 5-7% the target depends on converting the 104 signed leases into openings on schedule and on those new stores performing.
What to watch next
- Q3 revenue growth versus the >50% full-year target, and whether it rises from the ~42% H1 pace
- Same-store sales growth staying within the 5-7% range or falling below it
- Inventory days, borrowings or any fundraise disclosed with results
- Any change in management wording on the FY27 target or the 2,000-store ambition