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Gear4music Holdings PLC - York, England-based instruments and music equipment retailer - Expects to report fall in revenue to £61.7 million in the six months to September 30 from £62.6 million a year prior. Further, sees gross profit lower at £16.5 million from £17.0 million. But pretax loss is expected to narrow to £0.7 million from £1.2 million. Says returned to revenue growth in the second quarter with sales up 1% after falling 4% in the first quarter. Gross margin is expected to be 26.7%, an improvement on 26.3% a year ago. Full-year outlook remains in-line with consensus market expectations, as notes stronger growth achieved during October trading to date. Feels well-positioned and prepared for the upcoming peak seasonal trading period. Gear4music puts consensus for revenue in year to March at £154.7 million and pretax profit of £2.8 million. Current stock price: 177.00 pence, up 3.2% in London on Tuesday 12-month change: up 57% Copyright 2024 Alliance News Ltd. All Rights reserved.
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