Although Fox enjoys constant seasonality in Q4, the company has managed to increase its operating profit significantly, especially in the production of home brands, which has yielded record results for the company.
Results for the fourth quarter of 2021
The Group’s revenues in the fourth quarter of 2021 (from the segment report based on 100% of activity and before adjustments) amounted to NIS 1,325.6 million, an increase of 59.4% compared to the corresponding period last year.
Data on identical store sales (during periods when stores were fully open) excluding closing periods increased in the fourth quarter of 2021 compared to the same period in 2019 in the fashion and home fashion sector by 12.5%, the atmosphere and grooming sector by 17.3% and in the sports sector by 23.1%.
Gross profit in the fourth quarter of 2021 amounted to NIS 768.9 million, which constitutes approximately 59.7% of sales, compared with a gross profit of NIS 432.7 million last year, which constituted approximately 54.3% of sales, an increase of approximately NIS 336.2 million. “H.
Operating profit in the fourth quarter of 2021 amounted to approximately NIS 190.0 million and constitutes approximately 14.7% of sales, compared with operating profit last year in the amount of approximately NIS 223.0 million, which constituted approximately 28.0% of sales.
Operating profit in the fourth quarter of 2021, excluding IFRS 16 and revaluation amounted to
NIS 180.0 million, and constitutes approximately 14.0% of sales. Compared to last year, a total of approximately NIS 90.5 million, which constituted approximately 11.4% of sales, a decrease of approximately NIS 89.5 million.
The net profit in the fourth quarter of 2021 amounted to NIS 120.6 million, compared with a net profit of NIS 95.8 million last year.
The net profit in the fourth quarter of 2021, excluding the 16IFRS standard and revaluation, amounted to NIS 120.0 million, and constitutes approximately 9.3% of sales. NIS 75.1 million.