Sosandar PLC - Cheshire, England-based online women's fashion brand - For the third quarter ended December 2021, revenue more than doubles to record GBP8.9 million from GBP4.0 million, leading to the company's first earnings before interest, tax, depreciation and amortisation-positive quarter.
Active customers increase 62% year-on-year to 213,715, while the average order frequency rises 12% to 2.23 times per annum, and average order value increases 13% to GBP95.18.
Looking ahead, trading in post-Christmas and into early January has been strong, with strong sales of knitwear, outwear and dresses helped by pre-Christmas sales of partywear. Trading is in line with the recently upgraded market expectations for the year ended March 31, which is for Lbitda of GBP900,000 and revenue of GBP27.1 million.
"We continue to trade very well, with our expanded product range and innate agility enabling us to tailor our offering to customer demand. We remain vigilant to the external challenges, however, we have not experienced any material disruption at this time and believe our approach continues to position us well going forward," says co-CEOs Ali Hall and Julie Lavington.
Current stock price: 31.00 pence
12-month change: up 85%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Sosandar (SOS)