Moss Bros (MOSB.L) 45.1p �45.5m HY Jul18 numbers from the men’s tailoring retailer. Total Group revenue, excluding VAT, of �64.5m, -3.3% lower than the previous year. Like-for-likeretail sales, including e-commerce were -6.9% lower. E-commerce like-for-like* sales for the first half grew +9.5% on the prior year and now represent 12.7% of total sales (HY1 2017 11.2%). Adjusted profit before tax1 of �0.2m, was down -�3.7m versus the same period in the prior year. Retail like-for-like sales, including VAT, in the first seven weeks to 15 September 2018 are down -3.7%, showing an improved trend from the extreme reduction in footfall of the high summer months. E-Commerce +23.2%. The Group is still on track to deliver a FY operating profit before adjusting items, but materially lower than current market expectation of �2.3m.
Login or register to post comments