Sosandar PLC - Wilmslow, England-based women's clothing retailer - Reports a "record" third quarter, noting that "strong" momentum has continued from the first half of its financial year. In the three months ended December 31, revenue totals GBP11.6 million, up 30% year-on-year with growth across all sales channels. Notes this is the fifth consecutive quarter of profitability for the firm. Average order value in the quarter is GBP106.37, up 11% from GBP95.69 a year prior.
"Delivering this performance despite the challenging consumer backdrop is testament to the company's agility, underpinned by a unique quality product offering, highly effective marketing strategy and increasing brand awareness across its target market," Sosander said.
As a result of its third quarter performance, Sosander says that it is trading in line with market expectations for its current financial year. It places market consensus at GBP42.8 million for full-year revenue and at GBP2.0 million fro pretax profit.
Current stock price: 21.57 pence, down 2.0% on Tuesday afternoon in London
12-month change: down 34%
By Heather Rydings, Alliance News senior economics reporter
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Sosandar (SOS)