Shore Cap23 Apr 2026 10:18
Katie Cousins, analyst at Shore Capital, said: "We have been pleased to see margin progress continue during the first half, and the increasing sell-through rates, speed-to-market and reduced return rates are encouraging for customer satisfaction and provide evidence of management executing its strategy as planned.
"We continue to view the stabilisation of GMV as a key component of the investment thesis, noting progress in the right direction particularly within core regions such as the UK, and look for sustained profitability to support the now much-improved balance sheet."