Major, and rather unwelcome news hitting the airwaves today is that online fashion retailer ASOS has cautioned on growth and guided profits lower for FY19. The fact that fashion is struggling is no surprise: in recent times Bonmarche, Superdry, and Quiz have cited difficult trading conditions. However, ASOS operates a largely different business model to… Read More »
Embattled womens clothing retailer Bonmarche Holdings (LON:BON) today issued another profit warning – its second in the space of two months, warning of a further deterioration on profit due to slow sales. This was covered by this site in October, and whilst the share price reaction was relatively standard then, on opening this showed a… Read More »
Small-cap RF components manufacturer Filtronic (LON:FTC) put out a rather sombre RNS today, citing an expected loss for the current year caused by poor take-up of one of its new products, the Massive MIMO antenna. As a small-cap, the share price reaction was expected to be severe, and in early trading the shares lost over… Read More »
Bad news for shareholders of Superdry (LON:SDRY), as today’s half year report further re-iterates the bad news that the unseasonably hot weather has continued, which has resulted in a large decrease of profits for the current year. I wrote about Superdry back in October on its initial profit warning but it appears the market dislikes… Read More »
Online retailer MySle (LON:MYSL) today offered up a rather worrying profit warning for its FY19 results, blaming a mix of macroeconomic and operational reasons. Reporting that peak period trading was challenging, it used the words that no investor wanted to hear: that results would be ‘significantly below market expectations’. It might be fair to say… Read More »
Convenience store operator McColl’s (LON:MCLS) today pushed out a profit warning in it’s Q4 trading update. Whilst net debts are lower, adjusted EBITDA is too for this year. The share price lost an almost immediate 25% this morning, but arguably, the markets have seen this one coming a mile off. Taking a look at the… Read More »
London-based travel services Ten Lifestyle Group (LON:TENG) today issued a double whammy of bad results for FY18: adjusted EBITDA has swung from positive to negative and to add insult to injury guided expectations for FY19 lower than expectations. On a day where Ramsdens Holdings (LON:RFX) could fall 10% for posting an in-line update, the market… Read More »
Travel provider Thomas Cook issued a second profit warning in the space of two months, just two days ahead of its audited financial results. The RNS reads as a decent attempt to placate the market, issuing the bad news first – that profits would not be even in line with the revised warning given earlier… Read More »
London-based web analytics company Ebiquity (LON:EBQ) today released an updated trading statement which had good news and bad news attached to it. The good news came first: organic revenues are slightly up, and the CMA have cleared the sale of one of its divisions. The bad news was that operating profits this year are expected… Read More »
Hull-based telecommunications provider KCOM Group today issued a double whammy for investors: a trading update which forecasts weaker than expected earnings, and a revised dividend projection, which halves the potential return for investors. This was not particularly expected: the share price has traded in a relatively broad range for a couple of years, which tells… Read More »