Moss Bros results show there's still life in the formal menswear sector
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Loading... - Helmi Salonen
- 01 Apr 2022
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Unlike most private firms, the retailer has already filed its results for the year to the end of January 2022 at Companies House.
And they show plenty of reason for optimism, suggesting that the era of men buying smart suits isn't quite as over as many have suggested it is in recent months.
The company said that its turnover rose to just over £93 million in the 52-week period, up from £38.6 million in the previous year that had reflected the devastating impact of the pandemic on the formal menswear in which it specialises.
And the improved turnover helped its profit on an EBITDA basis rise to £17 million from a loss of £11.7 million a year earlier. Those figures look even better given that the previous financial year that ended in January 2021 was a 53-week one. Profit before tax in the latest year was £12.4 million compared to a loss of £21.8 million the year before and net profit reached £10.4 million after the previous year’s £17.6 million loss. Read More...
