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IN BRIEF: Tandem notes challenging trading conditions as sales decline

Thu, 29th Jun 2023 12:04

Tandem Group PLC - Birmingham, England-based sports and leisure product retailer - Says trading conditions to June have remained "persistently challenging", but is "pleased" with performance in bikes and eMobility during the second quarter of the year. Notes a 26% decline in sales from a year prior. Looking ahead, expects challenges to continue throughout the remainder of 2023, but remains confident in its ability to continue building and gaining market share.

Current stock price: 191.00 pence, down 9.1% on Thursday

12-month change: down 19%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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