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RE: they have not sold many bikes over6 Sep 2020 22:59
The supply chain, particularly for bicycles, remains under pressure with strong global demand on suppliers and increased lead times. In addition, national retailers continue to be cautious in their buying decisions. As anticipated, Group revenue fell behind the prior year during the summer period as a result of the lack of national retailer FOB orders and a limited supply of bicycles. However, margin from domestic business has remained strong during the period with lower overheads as a result of the COVID-19 impact. As a consequence it is difficult to confidently forecast the full year result at this stage. https://www.investegate.co.uk/tandem-grp-plc--tnd-/rns/trading-update-and-investor-meeting/202008280700053425X/