Solomon Lew says the company that owns Peter Alexander and Smiggle has entered a new financial year with sales momentum, a robust cash position and a clean inventory position.

Premier Investments on Thursday said it made $831.3 million in revenue in the 52 weeks to July 26, up 1.2 per cent from a year ago.

Sleepwear chain Peter Alexander's 2024/25 sales were a record $548 million, up 7.7 per cent from a year ago, with sales around Mother's Day and Father's Day particularly strong.

"Peter Alexander has cemented itself as a destination for gifting events, with all key shopping events delivering strong growth on the year," Premier said.

Back-to-school brand Smiggle's sales dropped 10.7 per cent to $264.2 million, which Premier said reflected cost of living pressures across global markets.

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