RE: Boohoo Up17 Apr 2023 20:40
Whereas, Quiz slumped more than 20%.
Quiz expects to report a solid rise in yearly revenue, but warned on a tough outlook for consumer demand going forward.
In the financial year ended March 31, it expects to report revenue of GBP91.7 million, up 17% on-year.
However, it said revenue growth rates moderated as the year dragged on, amid inflationary pressure, and like-for-like revenue in February and March actually weakened annually.
Looking further forward, Quiz cautioned that the "widely reported and significant pressures" on consumer spending seen in recent months are expected to continue into the new financial year.