Lifestyle Sports on course to return to profit in 2025 after revenues increase

The company operates the Lifestyle Sports business through 38 brick-and-mortar stores and online stores through lifestylesports.com.
The directors of sports retailer Lifestyle Sports expect the business to return to profit in the current year.
That is according to new accounts filed by Lifestyle Sports (Ireland) Ltd, which show the firm's pre-tax losses halved from €2.4m to €1.2m in the 12 months to the end of September 28 last.
This followed revenues at the business dipping slightly from €104.99m to €104.18m.
However, in their report, the directors say the business has recorded revenue growth since the end of last September.
The company operates the Lifestyle Sports business through 38 brick-and-mortar stores and online stores through lifestylesports.com.
In their report, the directors say “the company's profitability continued with increased momentum post-year end and for the quarter ended December 31 2024, which includes the key Black Friday and Christmas trading period."
They say “based on this performance the company is expected to return to profitability in the year ended September 27, 2025”.
Lifestyle Sports is owned by the Co Wexford-based Stafford Group.
Shareholder funds at Lifestyle Sports (Ireland) at the end of last September totalled €40.87m, as cash funds declined from €11.2m to €8m.