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Sosandar PLC - Wilmslow, England-based women’s clothing retailer - Reports a ‘record’ third quarter, noting that ‘strong’ momentum has continued from the first half of its financial year. In the three months ended December 31, revenue totals £11.6 million, up 30% year-on-year with growth across all sales channels. Notes this is the fifth consecutive quarter of profitability for the firm. Average order value in the quarter is £106.37, up 11% from £95.69 a year prior.
‘Delivering this performance despite the challenging consumer backdrop is testament to the company’s agility, underpinned by a unique quality product offering, highly effective marketing strategy and increasing brand awareness across its target market,’ Sosander said.
As a result of its third quarter performance, Sosander says that it is trading in line with market expectations for its current financial year. It places market consensus at £42.8 million for full-year revenue and at £2.0 million fro pretax profit.
Current stock price: 21.57 pence, down 2.0% on Tuesday afternoon in London
12-month change: down 34%
By Heather Rydings, Alliance News senior economics reporter
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