Hotter Shoes has stepped back into the black as its sales passed the £50m mark during its latest financial year.
The Lancashire-headquartered company's parent, Unbound Group, confirmed the brand's revenue totalled £51.9m for the 12 months to January 30, 2022, up from £44.5m.
In a statement issued to the London Stock Exchange, the group said the "performance reflects the strength of Hotter's products and multi-channel offering, with double digit percentage revenue growth being achieved in both the digital and traditional retail channels".
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It added that the result was achieved "despite the significant challenges impacting the sector, particularly during the second half of the financial year".
Pre-tax profits at Hotter Shoes are also not anticipated to be below £200,000, compare to a loss of £6.6m during the prior financial year.
The statement added: "Looking ahead, management is confident in achieving the medium-term growth targets for both Hotter and Unbound as outlined on the capital markets day in September 2021.
"Specifically for Hotter, though supply chain disruption has been a challenge during H2 FY22, the UK manufacturing facility provided a level of resilience and availability improved during the final quarter of FY22.
"The spring summer 22 collection has been successfully launched in February 2022, with inventory on plan and at optimum levels.
"Management has fixed pricing agreements in place with a number of key suppliers and good flexibility within the remaining cost base to mitigate potential risks to consumer demand.
"From an Unbound group perspective, strong progress has been made in developing the new multi-brand ecommerce platform with a launch planned for this summer."
The figures come as Hotter Shoes announced a partnership with M&S to sell its products on the retail giant's website.
Hotter Shoes already has existing deals with the likes of John Lewis, Next and The Very Group.
Chief executive Ian Watson said: "I am delighted that the progress we have made in resetting Hotter continues to be translated into improved financial performance and momentum.
"The partnership with M&S is further testimony to Hotter's attractiveness to other best in class retail platforms.
"The development of the Unbound Group platform is also gathering pace, we have strengthened the management team and we are currently engaged in positive discussions with a number of potential partners."
