16th Jun 2022 12:22
N Brown Group PLC - Manchester-based clothing and footwear retailer - In the 13 weeks ended May 28, its first quarter, reports revenue of GBP15.1 million, representing a 2.1% drop against the previous year. Notes comparison period covered a full lockdown in March and early April, which provided a tailwind to online retail demand. Trading since the start of its financial year is "challenging" with inflation impacting consumer confidence, leading to softer volumes and revenue than the previous year. Company's expectations for the full-year remain unchanged with adjusted earnings before interest, tax, depreciation, and amortization expected at similar level to the GBP86.5 million achieved in the year ended February 27, 2021. Read More
