Designs and supplies branded fashion clothing and accessories for men and women – It operates retail stores and concessions in the UK, Europe, the US and Canada and also operates e-commerce businesses in each of those territories.
20-Sep-2018 – 50.1p – £48.3m – PER 36.5
Interim Results For The 6 Months To End July 2018 – Revenues down 2.4% to £58.1m (2017: £59.5m) with wholesale up 6.2%, Licensing income flat on last year at £2.6m, Underlying Operating Loss Before Tax reduced to £5.5m, an improvement of £0.4m (2017: loss of £5.9m) with Cash of £12.8m (2017: £6.7m) boosted by sale proceeds from Toast. On track to return to profitability at the year end.
First coverage for me but will keep an eye out for that return to profitability. Neutral for now.
12-Mar-2019 – 42.4p – £41m – PER 38.5
Results For The 12 Months To End January 2019 – Return to profitability (just), +£0.1m (Loss of -£2.1m last time). Wholesale up, Retail down, non-contributing locations being closed – Cash at £16.2m.
Seems to be heading in the right direction and it’s a known that the business is up for sale. Still not enough for me to be tempted though.