Bonmarche has issued a revenue warning after reporting “extraordinarily poor” gross sales of its autumn vary in September due to the current scorching climate.
Though its leftover summer time inventory bought properly, the agency stated: “It’s applicable to decrease the revenue expectation for the second half of the yr.
“The board’s view is the corporate’s full yr revenue earlier than tax is more likely to fall inside a variety between £5m & £7m.”
Bonmarche additionally skilled troublesome buying and selling circumstances in July and August.
It added: “We strategy the start of the second half of the yr dealing with appreciable uncertainty as to market circumstances.
“The recent September has prevented us from gaining a consultant measure of the power of the autumn ranges and our notion is that the clothes market usually has turn out to be tougher.
“The board’s view is that within the mild of September’s end result, and its usually much less optimistic view of market circumstances, it’s applicable to decrease the revenue expectation for the second half of the yr.”
Nevertheless, the corporate reported that its monetary place “stays robust” and it expects to finish the half yr with a internet money stability of round £9m.
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