IN BRIEF: Gear4Music Ends 2020 On High Note With Festive Sales Hike

Thu, 14th Jan 2021 13:23

Gear4Music PLC - York, England-based online retailer of musical instruments - Total sales in three months to December 31 rise 30% to GBP52.2 million from GBP40.3 million a year earlier. Sales up 10% in the UK, while sales in Europe & Rest of the World jump 51%. Gross profit during the quarter, the retailer's financial third quarter - rises 47% year-on-year to GBP15.6 million from GBP10.6 million.

Current stock price: 892.50, up 6.3% on Thursday

Year-to-date change: up 8.8%

By Eric Cunha; ericcunha@alliancenews.com

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