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.
Read moreTue, 06th Sep 2016 09:07
(Alliance News) - Gear4Music PLC on Thursday said annual profit will fall short of consensus, though it expects to report a sales climb.
Read more(Sharecast News) - Gear4music warned on full-year profits on Thursday as it pointed to weaker consumer demand.
Read more(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.
Read more(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.
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
Read more(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.
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(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.
Read moreGear4Music 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".
Read more(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.
Read more(Alliance News) - Gear4Music PLC shares dropped on Friday as it lowered its annual guidance amid the cost of living crisis and hot summer.
Read more(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.
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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.
Read more(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.
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