Brown Group Share News (BWNG)

N Brown cites weaker consumer confidence as H1 profits fall

(Sharecast News) - Clothing retailer N Brown posted a drop in first-half profit and revenue on Thursday, citing weaker consumer confidence.

UK earnings, trading statements calendar - next 7 days

TOP NEWS: THG shares fall as cuts earnings guidance, changes directors

(Alliance News) - THG PLC on Thursday cut its earning guidance for 2022 despite narrowing its interim loss, amid a board shake-up as two directors left and two joined.

UK shareholder meetings calendar - next 7 days

IN BRIEF: N Brown reports "challenging" environment as inflation bites

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.

N Brown confident despite weaker Q1 revenue

(Sharecast News) - Clothing and footwear retailer N Brown Group updated the market on its first quarter of trading on Thursday, with product revenue slipping 0.6% year-on-year to £106.3m.

UK earnings, trading statements calendar - next 7 days

LONDON MARKET CLOSE: FTSE 100's win streak snapped by inflation woes

(Alliance News) - Stock prices in London closed lower on Wednesday, following three successive sessions of gains, as a hot UK inflation print sparked more stagflation worry.

IN BRIEF: N Brown shares jump as profit doubles despite lower revenue

N Brown Group PLC - Manchester-based digital-only retailer of clothing and footwear - Pretax profit more than doubles to GBP19.2 million in the year ended February 28 from GBP9.2 million the year before. Explains this with a 32% lower impairment loss on customer receivables of GBP94.4 million compared to GBP139.1 million.

N Brown FY earnings rise despite revenue dip

(Sharecast News) - Online retailer N Brown said on Wednesday that full-year adjusted pre-tax profits had grown in the twelve months ended 26 February despite reporting a dip in annual revenues.

UK earnings, trading statements calendar - next 7 days

LONDON BROKER RATINGS: UBS raises Pearson; BofA ups Croda to buy

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday afternoon:

TRADING UPDATES: Next Fifteen raises GBP50 million; N Brown sales up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

N Brown shares tumble on inflation warning

(Sharecast News) - N Brown lost almost a quarter of its market value after the online clothing and homeware retailer warned earnings would be lower than expected because of soaring inflation.

LONDON BROKER RATINGS: Berenberg ups Rentokil; Citi cuts Computacenter

LONDON BROKER RATINGS: Berenberg ups Rentokil; Citi cuts Computacenter