11th Apr 2019 09:47
LONDON (Alliance News) - Quiz PLC on Thursday guided for annual revenue to come in slightly above its revised guidance in March.
Furthermore, noting the recent administration of department store chain operator Debenhams PLC but the continuation of trading, Quiz said it looks forward to continuing to work "productively" with Debenhams going forward.
Quiz operates in 119 Debenhams concessions, with revenue from these operations representing 23% of Quiz's total.
Shares in the "omni-channel" fashion brand were trading 6.6% higher at 18.54 pence each on Thursday morning.
Earnings before interest, taxes, depreciation and amortisation, however, are still expected to come in at GBP4.5 million, down for GBP11.5 million a year ago.
Revenue for the year is guided up 12% year-on-year to GBP130.9 million from GBP116.4 million. This is also above the company's guidance, which in March was downwardly revised to GBP129.0 million.
During the year, online sales rose 34% to GBP41.0 million, driven by Quiz's own website as well as third party sites.
International was up 8% to GBP23.0 million after a good performance from three stores in Spain while UK store and concession sales grew 4% to GBP66.9 million after the opening of three standalone stores.
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