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Joules Group Says HY Results Were Impacted By Timing Of Black Friday Trading Period
Joules Sees FY 2020 Underlying Profit Significantly Below Market Expectations, Costs From Trade Wars
Joules Group Says HY Revenue Growth Of 1.3%, Including Black Friday Trading
Joules Group PLC is engaged in the design and sale of lifestyle clothing, related accessories and a homeware range, through the multi-channel business structure embracing retail stores, e-commerce, county shows and events and wholesale. The Company has three segments: Retail, Wholesale and Other. The Retail segment includes sales and costs relevant to Stores, E-commerce, Shows and Franchises. The Wholesale segment includes sales and costs relevant to the sale of products to other retail businesses or distributors for onward sale to their customer. The Other segment includes income from licensing. The Company's products include womenswear, menswear, Little Joule, Baby Joule, Wellies and homeware. The Company operates 97 the United Kingdom and Republic of Ireland stores (including five concessions) and three franchise stores. Joules branded products are sold through selected wholesale partners, primarily in the United Kingdom, North America and Germany.
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* Expects cost headwinds from U.S.-China tariffs in H2 (Adds CEO quote, details on update, analyst comment)
Fashion retailer Joules Group Plc warned on Friday that its 2020 profit was likely to be largely below market expectations as online retail sales took a hit from shortage of stocks during the Christmas period.
** Clothing retailer Joules Group Plc's shares jump 9.8% to 280 pence, on track for best day since Dec 5
Fashion retailer Joules Group Plc is establishing a European union-based distribution facility and bringing inventory of its 2019 spring-summer collection into the UK earlier than usual as it prepares for a no-deal Brexit.
British fashion retailer Joules Group Plc is forming a third party distribution facility located out of the European Union and speeding up the process of getting its 2019 spring-summer collection as it prepares for a no-deal Brexit.
* Agreed acquisition of freehold interest in a 30,000 square foot office building in group's home town of Market Harborough for a total investment of 4.4 million stg
* Joules Group Plc - FY group revenues increased by 19.6% year on year to £157.0 million
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.