Mothercare - no turnaround yet2 Dec 2024 10:20
2*
Mothercare plc issued unaudited half year results for the 26-week period to 28 September 2024 and performance remained very soft. Worldwide retail sales by franchise partners was down 12% to £121.2 million with the decline largely resulting from the unchanged conditions in the Group’s Middle Eastern markets. Adjusted EBITDA was down to £1.7 million from H1 FY24 £3.6 million a decreased of 53%. Group adjusted loss before taxation was £1.4 million, a negative swing of £3.2m from a H1 FY24 profit of £1.8 million a year earlier. So the business struggled through FY24 extending its poor run over the past few years, H1 24 turnover at £21m was nearly half that of £41.m recorded in H1 21. The share price is down another 3.6% ...from WealthOracle
wealthoracle.co.uk/detailed-result-full/MTC/1041