There are two brands spearheading growth for Solomon Lew's Premier Investments.
Premier Investments has lifted its underlying profit 10 per cent to $106 million for the year to July 26.
This is up from $96.1 million in fiscal 2013.
Net profit for the year tumbled more than 58 per cent to $73 million.
However, this was attributed to the previous $105 million reclassification of its stake in kitchen appliance maker Breville.
Lew said the continued rollout of stationary chain Smiggle and sleepwear retailer Peter will continue to drive growth."Premier will continue to deliver sustainable long-term growth for shareholders by both optimising the value of our core retail brands and by unlocking the value of our uniquely-positioned growth brands, Smiggle and Peter Alexander," he said.
Smiggle grew sales more than 17 per cent during the year.
This was pushed by its move into the UK market, where it has opened eight stores since February.
The company expects to open a further 10 stores in the UK before Christmas.
Peter Alexander lifted sales more than 21 per cent, with eight new stand-alone sites and nine concession stores opened in fiscal 2014.
Premier Retail's core brands lifted like-for-like sales during the year, with Just Jeans lifting total sales 7.8 per cent in the second half.
Just Jeans has been in the midst of a turnaround, pioneered under Matthew McCormack’s leadership.
The turnaround has been anchored by a focus on denim, fabric innovation, fit and stock availability.
Premier will pay a final, fully-franked, dividend of 20 cents per share, taking the full year dividend to 40 cents, up from 38 cents a year ago.