We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mulberry Group Plc | LSE:MUL | London | Ordinary Share | GB0006094303 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 107.50 | 100.00 | 115.00 | 110.00 | 107.50 | 110.00 | 54 | 08:00:04 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Apparel & Accessories, Nec | 159.13M | 13.24M | 0.2204 | 4.88 | 64.58M |
TIDMMUL
RNS Number : 9162Z
Mulberry Group PLC
17 January 2024
Mulberry Group plc
Trading Update
Mulberry Group plc (the "Group" or "Mulberry"), the British sustainable luxury brand, announces a trading update for the 13 weeks ended 30 December 2023 (the "period").
Group revenue in the period was down -8.4% (-6.6% on CER*) versus the prior year period, impacted by the challenging macro-economic backdrop and decline in luxury consumer spending. In the run up to Christmas, the Group maintained its full price sales approach.
Retail sales -1.5% (+0.6% on CER) International retail sales +3.9% (+10.8% on CER) ---------------------- UK retail sales -4.0% ----------------------
*Constant exchange rates
Group revenue for the 39 weeks ended 30 December 2023 was up +0.1% (+1.3% on CER) versus the prior year, with gross margins in line with those reported for the first half of the year. As previously highlighted, results for the full year will be impacted by the additional operational costs of new stores in Sweden and Australia and ongoing important investments, including technology, supporting future growth of the Group.
Thierry Andretta, Chief Executive Officer, commented: "In the run up to Christmas, the macro-economic environment continued to impact consumer spending in the luxury retail sector, which Mulberry was not immune from. Despite this, the Group maintained its discipline and focus on a full price strategy against an unusually high promotional environment. Our international sales remained positive, supported by our strategy to bring in-house ownership of overseas stores. In the UK, we continue to believe the lack of VAT-free shopping is impacting the retail landscape, as well as the hospitality, leisure and tourism sectors. Looking ahead, we are continuing to execute our plans and remain confident that our investments will underpin future sustainable growth."
For further details please contact:
Mulberry Group plc
Charles Anderson Tel: +44 (0) 20 7605 6793
Headland (Public Relations)
Lucy Legh / Joanna Clark Tel: +44 (0) 20 3805 4822
Houlihan Lokey UK Limited (Financial Adviser and NOMAD)
Tim Richardson
Tel: +44 (0) 20 7839 3355
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
TSTQKABKBBKBFDD
(END) Dow Jones Newswires
January 17, 2024 02:00 ET (07:00 GMT)
1 Year Mulberry Chart |
1 Month Mulberry Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions