John Lewis Partnership plc annual report and accounts 2013

Business review

Review of performance

The John Lewis Partnership

 • Gross sales of £9.54bn, up £811.8m, 9.3%

• Revenue of £8.47bn, up £706.9m, 9.1%

• Group operating profit of £452.4m up £59.1m, 15.0%

• Profit before Partnership Bonus and tax of £409.6m, up £55.8m, 15.8%

• Partnership Bonus of £210.8m; 17% of salary (equal to nearly 9 weeks’ pay)

• Net debt of £371.9m, down £205.4m, 35.6%

Waitrose

 • Gross sales of £5.76bn, up £363.5m, 6.7%

•Like-for-like sales (excluding petrol) up 3.4%

• Revenue of £5.42bn, up £343.8m, 6.8%

• Operating profit of £292.3m, up £31.7m, 12.2%

John Lewis

 • Gross sales of £3.78bn, up £448.3m, 13.5%

• Like-for-like sales up 10.5%

• Revenue of £3.05bn, up £363.1m, 13.5%

• johnlewis.com gross sales of £959m, up £278m, 40.8%

• Operating profit of £216.7m, up £58.8m, 37.2%

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