Frasers Group’s net profit soared 28% to £376.2 million ($507.9 mm) from £293.0 million for the fiscal year ended Apr. 26, with revenue increasing 9% to £5,325.9 million ($7,190.0 mm) over £4,900.9 million on international retail gains. Enterprise gross margin expanded 160 b.p. to 48.4% as retail gross margin improved 150 b.p. to 47.1% on higher share from Sports Direct and Flannels and improved product access and retail mix, including call outs for Nike and Adidas. Retail operating costs were up 7% to £1,515.1 million, flowing down to a companywide adjusted ... Log in to view full article.