Gear4music Share News (G4M)

Gear4Music shares slip as warns profit to miss outlook

(Alliance News) - Gear4Music PLC on Thursday said annual profit will fall short of consensus, though it expects to report a sales climb.

Gear4music warns on profits, cites weaker consumer demand

(Sharecast News) - Gear4music warned on full-year profits on Thursday as it pointed to weaker consumer demand.

Gear4music margins struggle through December quarter

(Sharecast News) - Gear4music reported an 11% rise in European sales in the December quarter on Thursday, to £23.5m, which it put down to the successful execution of infrastructure investment during 2022 to improve its customer proposition.

Gear4Music UK revenue stagnant amid weak demand and postal strikes

(Alliance News) - Gear4Music PLC on Thursday said UK sales remained flat in the three months that ended December 31, as its global operations see growth.

AIM WINNERS & LOSERS: Kodal Minerals wins USD118 million in funding

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

Gear4Music turns to interim loss as costs increase

(Alliance News) - Gear4Music PLC on Tuesday said it swung to a loss in the first half of its financial year, amid inflationary pressure on costs and as revenue was hit by lower consumer confidence and hot weather during summer.

UK earnings, trading statements calendar - next 7 days

Sales rise ahead of Gear4music's peak trading period

(Sharecast News) - Musical instruments and equipment retailer Gear4music reported total first-half sales growth of 2% to £66.3m in a trading update on Thursday, despite the challenges it described in September.

IN BRIEF: Gear4Music shares rise as says trading has improved recently

Gear4Music PLC - York-based online musical instruments and equipment retailer - Sales rise 2.5% to GBP66.3 million in the six months that ended September 30 from GBP64.7 million a year before. European & Rest of the World sales improve by 10% to GBP30.8 million from GBP28.0 million, but UK sales decline by 3.3% to GBP35.5 million from GBP36.7 million. Gross margin in the financial first half narrows to 26.3% from 28.0% a year before, due to "targeted stock reductions".

LONDON MARKET CLOSE: Stocks rally, shaking off ECB hike and Fed hawks

(Alliance News) - European markets rallied on Friday, with miners leading the way on London's blue-chip index, as investors put rate hike worries to one side for now.

Gear4Music shares down as cost of living crisis hits annual guidance

(Alliance News) - Gear4Music PLC shares dropped on Friday as it lowered its annual guidance amid the cost of living crisis and hot summer.

Gear4Music downgrades expectations for 2023

(Sharecast News) - Gear4music downgraded its full-year expectations on Friday, pointing to the cost-of-living crisis and a lack of visibility over when consumer sentiment might improve, sending shares in the musical instruments retailer tumbling.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Gear4music shares rise on outlook but annual profit lower

Gear4Music (Holdings) PLC - York-based online musical instruments and equipment retailer - Reports lower pretax profit but touts strong pipeline of growth for financial year 2023. Pretax profit for the financial year ended March 31 shrinks to GBP5.0 million from GBP14.6 million a year ago. Revenue dips to GBP147.6 million from GBP157.5 million. Proposes no dividend, unchanged to a year ago, as it aims to retain money for growth. Marketing expenditure rose by 7.3% to GBP10.8 million from GBP9.2 million in the year. Labour costs widened 7% to GBP13.1 million from GBP12.3 million.

Gear4music FY earnings slip against Covid-fuelled outperformance

(Sharecast News) - Musical equipment retailer Gear4music said on Tuesday that revenues and profits had slipped in the twelve months ended 31 March as Covid-fuelled comparatives proved too tough to match.