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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Vail Resorts Inc | NYSE:MTN | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
3.34 | 1.99% | 171.56 | 171.56 | 169.00 | 169.00 | 35,212 | 14:23:15 |
RNS Number:8902L Matalan PLC 04 June 2003 Embargoed until 7.00am Wednesday, 4th June 2003 MATALAN PLC ("Matalan") AGM TRADING STATEMENT John Hargreaves, Chairman of Matalan PLC, speaking at the Annual General Meeting of shareholders to be held at 10.30 am today, will make the following comments: "As stated at the preliminary results announcement, I would like to use today's meeting to update shareholders on current trading. Retail sales for the 13-week period to the 31st May 2003 were #241.3m representing an overall growth of 6.2% (2002: 17.3%) with a like for like decline of 7.5% (2002: uplift 3.7%). Gross margins across the period have increased by 80 basis points and costs continue to be tightly controlled. Despite an encouraging start to the season in February and March, sales of the spring / summer ranges have proved to be disappointing, compounded by the reduction of option widths and reduced in-store stock densities. Actions have been taken within the product areas to redress this for the autumn / winter ranges. New space growth is in line with plans, with 2 new stores and 1 resite being opened since the start of the financial period. The total trading space now stands at 4.6 million sq ft. The systems conversion programme remains on track with the first distribution centre having been successfully converted in May. The remaining two centres will be converted in June / July, with merchandising and replenishment systems scheduled for August / September. Despite the poor start to the new financial period, the management remains confident that the problems outlined above have been addressed in time for the autumn / winter season." A conference call for analysts will take place at 8.15am today. For details of the call please call Josh Royston on 020 7067 0723 or 020 7067 0722. Contact: MATALAN John King, Chief Executive 01695 552400 Phil Dutton, Finance Director 01695 552400 WEBER SHANDWICK SQUARE MILE Chris Lynch / Josh Royston 020 7067 0722 This information is provided by RNS The company news service from the London Stock Exchange END AGMILFLTRTIVIIV
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