Quiz PLC AGM Trading Update (1142L)
September 04 2019 - 2:00AM
UK Regulatory
TIDMQUIZ
RNS Number : 1142L
Quiz PLC
04 September 2019
QUIZ Plc
("QUIZ" or the "Group")
AGM Trading Update
Peter Cowgill, the Non-Executive Chairman of QUIZ, the
omni-channel fast fashion brand, will provide the following trading
update covering the financial year-to-date (the "Period") at the
Group's AGM due to be held at 1pm today:
Group revenues during the Period are broadly in line with the
same period last year (after adjusting for the unprofitable revenue
streams which have been terminated during the year). The
challenging trading conditions reported at the time of the Group's
announcement on 11 June 2019 have persisted over the summer
months.
Consistent with the widely reported conditions on the UK high
street, the business has experienced a reduction in store footfall
during the Period compared to the previous year when the Group
experienced particularly strong demand. The Group's performance has
continued to benefit from sales growth through QUIZ's own
websites.
Whilst trading conditions are expected to remain difficult, the
Board continues to believe that, through the strength of QUIZ's
flexible business model and increasing online focus, the Group can
return to sustainable profitable growth in the medium term.
The Group intends to provide a further Trading Update with
regards to the six-month period to 30 September 2019 on Friday 11
October 2019.
---
Enquiries:
QUIZ plc Via Hudson Sandler
Tarak Ramzan, Chief Executive
Officer
Gerry Sweeney, Chief Financial
Officer
Sheraz Ramzan, Chief Commercial
Officer
Panmure Gordon
(Nominated Adviser and Sole Broker)
Alina Vaskina / Joanna Langley
(Corporate Finance)
Erik Anderson (Corporate Broking) +44 (0) 207 886 2500
Hudson Sandler LLP (Public Relations) +44 (0) 207 796 4133
Alex Brennan / Nelly Akpaka quiz@hudsonsandler.com
Notes:
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
About QUIZ:
QUIZ is an omni-channel fast fashion brand, specialising in
occasion wear and dressy casual wear. QUIZ delivers a distinct
proposition that empowers its fashion forward customers to stand
out from the crowd.
QUIZ's buying and design teams constantly develop its own
product lines, ensuring the latest glamorous looks at value prices.
This fast, flexible supply chain, together with the winning formula
of style, quality, value and speed-to-market has enabled QUIZ to
grow rapidly into an international brand with more than 300
standalone stores, concessions, franchise stores, wholesale
partners and international online partners in 22 countries. The
Group currently operates 73 standalone stores and 174 concessions
in the UK.
QUIZ operates through an omni-channel, fast fashion business
model, which encompasses online sales, standalone stores,
concessions, international franchises and wholesale
arrangements.
To download images please visit:
http://www.quizgroup.co.uk/media-download-centre/
For further information:
https://www.quizclothing.co.uk/
http://www.quizgroup.co.uk/
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END
AGMDMGGLNFVGLZM
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