profit warning news and archive

Superdry issues profit warning as Dunkerton begins turnaround plan

Superdry warned on Thursday that its full year profits will come in below market expectations as co-founder Julian Dunkerton begins his attempt to turn the company around following his successful return to the board in April. For the 13-week period to 27 April 2019, overall revenue dropped by 4.5 percent to 187.8 million pounds, with the company...

Business

Footasylum shares drop on profit warning

Footasylum has experienced a drop in shares after a full-year profit warning, despite reporting a 18.5 percent rise in sales to 98.6 million pounds for the six months to 25 August. The UK retailer said it now expects full-year underlying earnings to fall at the lower end of its forecasts, following steep discounting over the festive season. The...