| 52 weeks to
1 April
2016
(audited)
£m | 52 weeks to
31 March
2017
(audited)
£m | 52 weeks to
30 March
2018
(audited)
£m | 52 weeks to
29 March
2019
(audited)
£m | 52 weeks to
27 March
2020*
£m |
| Revenue | 1,021.5 | 1,095.0 | 1,135.1 | 1,138.6 | 1,142.4 |
| Cost of sales | (478.4) | (536.4) | (564.9) | (559.6) | (558.4) |
| Gross profit | 543.1 | 558.6 | 570.2 | 579.0 | 584.0 |
| Operating expenses | (458.6) | (481.5) | (495.6) | (516.8) | (525.3) |
| Operating profit before non-underlying items | 84.5 | 77.1 | 74.6 | 62.2 | 58.7 |
| Non-underlying operating expenses | (1.7) | (3.4) | (4.8) | (7.8) | (32.1) |
| Operating profit | 82.8 | 73.7 | 69.8 | 54.4 | 26.6 |
| Net finance costs | (3.0) | (2.3) | (2.7) | (3.4) | (2.8) |
| Underlying Profit Before Tax† | 81.5 | 75.4 | 71.6 | 58.8 | 55.9 |
| Non-underlying operating expenses | (1.7) | (3.4) | (4.8) | (7.8) | (32.1) |
| Non-underlying finance costs | – | (0.6) | 0.3 | – | – |
| Profit before tax | 79.8 | 71.4 | 67.1 | 51.0 | 23.8 |
| Taxation | (16.6) | (15.9) | (13.2) | (10.5) | (8.0) |
| Taxation on non-underlying items | 0.3 | 0.9 | 0.8 | 1.4 | 4.7 |
| Profit attributable to equity shareholders | 63.5 | 56.4 | 54.7 | 41.9 | 20.5 |
| Basic earnings per share before IFRS 16 | 32.5p | 28.7p | 27.8p | 21.2p | 10.3p |
| Basic underlying earnings per share before IFRS 16† | 33.2p | 30.3p | 29.6p | 24.5p | 24.3p |
| Weighted average number of shares | 195.2m | 196.6m | 197.0m | 197.1m | 197.0m |
* The statutory 53-week period to 3 April 2020 comprises results that are non-comparable to the 52-week periods reported in other years. To provide a more meaningful comparison, the above tables include the pro forma 52 weeks to 27 March 2020.
†These alternative performance measures are defined in the Glossary.