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  3. JOUL.L Share Price
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  5. IN BRIEF: Joules Swing To Annual Loss Due To Covid Lockdown Limitations

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IN BRIEF: Joules Swing To Annual Loss Due To Covid Lockdown Limitations

Thu, 06th Aug 2020 15:35

Joules Group PLC - Leicestershire-headquartered lifestyle brand - Reports pretax loss for financial year ended May 31 of GBP2.0 million, swinging from a profit of GBP12.9 million a year ago. Revenue down 12% year-on-year to GBP190.8 million from GBP218.0 million. Joules blames the Covid-19 lockdown for revenue hit as store sales fell by 20%, garnering a GBP18 million impact on retail sales and GBP13 million on wholesale sales. Says dividend will not be declared for this year.

Current stock price: 95.80 pence

Year-to-date change: down 58%

By Neetika Kurup; neetikakurup@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
9 May 2023 14:28

FRC opens investigation into Deloitte's audit of Joules accounts

(Alliance News) - The Financial Reporting Council on Tuesday said it has begun an investigation into Deloitte LLP's audit of Joules Group PLC's results.

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15 Dec 2022 11:58

PRESS: South Africa's Foschini Group aggrieved at failed Joules bid

(Alliance News) - Cape Town-based clothing retailer Foschini Group Ltd has written to the newly-appointed administrators of British country lifestyle retailer Joules, in protest of the decision to sell the business to UK's Next PLC, Sky News reported on Wednesday.

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1 Dec 2022 14:04

TOP NEWS: Next rescues Joules by taking majority stake, keeping staff

(Alliance News) - Next PLC on Thursday said it is buying a majority stake in fellow retailer Joules Group PLC, which last week Friday said it was preparing to be wound up.

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1 Dec 2022 12:53

Next buys Joules out of insolvency - report

(Sharecast News) - Next confirmed on Thursday that it has partnered with Tom Joule to buy retailer Joules out of insolvency for £34m in cash.

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30 Nov 2022 08:51

Joules administrator on brink of rescue deal with Phase Eight owner - report

(Sharecast News) - The administrator to collapsed fashion retailer Joules is reportedly on the brink of a rescue deal with the South African owner of Phase Eight.

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25 Nov 2022 14:43

Joules announces resignation of CFO York as it prepares to be wound up

(Alliance News) - Joules Group PLC on Friday said that Chief Financial Officer Caroline York had left the business, with effect from yesterday.

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21 Nov 2022 11:16

PRESS: SA's Foschini considers rescue offer for UK retailer Joules

(Alliance News) - Cape Town-based clothing retailer Foschini Group Ltd is considering an offer for failed British lifestyles brand Joules Group PLC, Sky News reported on Friday.

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18 Nov 2022 19:49

TRADING UPDATES: Joules nomad resigns; Pharma C loss narrows

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

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16 Nov 2022 17:04

Joules collapses into administration

(Sharecast News) - Beleaguered fashion and lifestyle retailer Joules collapsed into administration on Wednesday, putting more than 1,600 jobs at risk.

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16 Nov 2022 16:57

Joules shares to be cancelled after Interpath named as administrators

(Alliance News) - Joules Group Plc on Wednesday said it expects the listing of its shares to be cancelled after naming Interpath Ltd as administrators.

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14 Nov 2022 12:25

LONDON MARKET MIDDAY: UK-focused FTSE 250 slips before autumn budget

(Alliance News) - Stock prices in London were mostly lower at midday on Monday, save for the FTSE 100, as investors looked ahead to a busy week for UK politics.

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14 Nov 2022 11:19

Retailer Joules to call in administrators as financing talks fail

(Alliance News) - Trading in the shares of Joules Group PLC was suspended on Monday, as the cash-strapped retailer said refinancing discussions have failed, and it will call in administrators.

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14 Nov 2022 07:44

Joules to call in administrators

(Sharecast News) - Retailer Joules has decided to call in administrators after failing to raise new funding, putting around 1,700 jobs at risk.

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8 Nov 2022 12:18

LONDON MARKET MIDDAY: Tepid trade in Europe as US midterm polls open

(Alliance News) - Blue-chip equities in Europe traded off morning lows heading into Tuesday afternoon, but the mood was still cautious, with traders mindful of the US midterm election.

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7 Nov 2022 12:18

LONDON MARKET MIDDAY: FTSE 100 treads water but European shares rise

(Alliance News) - The FTSE 100 stood out on Monday, but for the wrong reason, as share price falls for some of its largest constituents meant the index London large-caps underperformed versus the mid-cap FTSE 250 and European indices.

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