Group revenue in the 52 weeks ended 30 January rose 17.7% to £456.2mln from £387.6mln the year before.
Retail sales were up 13.5%, or 13.2% in constant currency, to £348.4mln, boosted by a 45.8% increase (44.7% in constant currency terms) hike in e-commerce sales to £53.5mln.
Wholesale sales were up up 33.6% (31.2% in constant currency) to £107.7mln.
Profit before tax and exceptional items climbed 18.6% to £58.7mln from £49.5mln the year before.
Adjusted earnings per share advanced 20.9% to 100.6p from 83.2p and, as per usual, the company had paid out around half of its earnings in divis, with the full-year pay-out up 18.6% to 47.8p from 40.3p in the previous year.
In December 2015, the company entered into an agreement to lease a new state-of-the-art distribution facility in the UK. Once fully operational, it will serve as the company's European Distribution Centre, handling all operations for its Retail, Wholesale and e-commerce businesses across the UK and Europe and supporting its long-term growth strategy.
“We have again traded very well - despite an uncertain backdrop in some of our markets - which is testament to the strength of the Ted Baker brand as well as our unwavering focus on quality, design and attention to detail,” said Ray Kelvin, chief executive of Ted Baker.
“We have further developed the brand's presence across international markets including first store openings in Amsterdam, Azerbaijan, Hawaii, Mexico and Qatar and we have new openings planned across our markets in the year ahead,” he added.
The Liberum retail team has upped its 2017 and 2018 profit forecasts by 1% to reflect an anticipated improvement in gross margin from the new distribution centre.
Meanwhile, Cantor Fitzgerald said the results were ahead of its expectations and the stock, down 42p at 2,908p this morning, is now looking better value “following a period of consolidation over the last year and upgrades to the earnings projections”. The stock is more or less at the same level it was a year ago, and yet earnings have grown strongly, the broker argues.
The broker rates the shares a 'buy' and has a £35 price target.