Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  N Brown Group plc    BWNG   GB00B1P6ZR11

N BROWN GROUP PLC

(BWNG)
  Report  
Delayed Quote. Delayed London Stock Exchange - 05/24 11:35:29 am
143.1 GBp   +2.36%
05/02N BROWN : Replacement - Final Results
PU
04/10N BROWN : Change in Director's Particulars
PU
02/27N BROWN : Director/PDMR Shareholding
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

N Brown : sees lower offline sales restraining revenue, shares drop

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/11/2018 | 05:55am EDT

(Reuters) - Plus-size fashion retailer N Brown Group Plc expects lower offline sales to hold back revenue temporarily, as it focuses on core brands and online sales.

Shares of N Brown, which also said it would cut its dividend by 50 percent to 2.83 pence to a more "sustainable level", fell 17 percent to a more than 13-year low in early trade.

The company, which posted a 5 percent drop in half-year adjusted pretax profit on Thursday, said it plans to spend more on promotions as it revamps to an online business model.

Over the last few years, N Brown has been trying to move most of its sales online as intense high street competition has forced many retailers to close physical stores. It closed its last 20 stores in August.

The company's chief executive officer, Angela Spindler, stepped down last month.

"Whereas much progress has been made transforming the business into an online retailer, we have not yet achieved the growth in product or international that we would have hoped for," Chairman Matt Davies said in a statement.

N Brown said that its overall revenue rose 1 percent, but added that product revenue fell more than 3 percent. Margins declined 60 basis points for the six months ended Sept. 1.

The company, which is moving away from catalogue's to web sales, said online sales rose 3.8 percent and accounted for 77 percent of product revenue.

(Reporting by Sangameswaran S and Karina Dsouza in Bengaluru; Editing by Bernard Orr)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on N BROWN GROUP PLC
05/02N BROWN : Replacement - Final Results
PU
04/10N BROWN : Change in Director's Particulars
PU
02/27N BROWN : Director/PDMR Shareholding
PU
02/27N BROWN : appoints Steve Johnson as CEO
AQ
02/26N BROWN : appoints Steve Johnson as CEO
PU
2018Online clothing retailers hunt for better fit to cut costly returns
RE
2018LONDON STOCK EXCHANGE : FTSE down sharply as ASOS profit alert sparks wider reta..
RE
2018N BROWN GROUP PLC : Ex-dividend day for interim dividend
FA
2018N BROWN : sees higher tax on marketing costs
RE
2018N BROWN : HMRC VAT update
PU
More news
Financials (GBP)
Sales 2020 918 M
EBIT 2020 96,1 M
Net income 2020 63,4 M
Debt 2020 333 M
Yield 2020 5,15%
P/E ratio 2020 6,82
P/E ratio 2021 5,77
EV / Sales 2020 0,80x
EV / Sales 2021 0,74x
Capitalization 398 M
Chart N BROWN GROUP PLC
Duration : Period :
N Brown Group plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends N BROWN GROUP PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 1,68  GBP
Spread / Average Target 20%
EPS Revisions
Managers
NameTitle
Steve Johnson Chief Executive Officer & Director
Matthew Samuel Davies Chairman
Andy Haywood Chief Operating Officer
Craig Barry Lovelace Group Chief Financial Officer & Executive Director
Adam John Warne Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
N BROWN GROUP PLC51.83%504
INDITEX - INDUSTRIA DE DISEÑO TEXTIL10.92%86 410
KERING19.34%69 373
FAST RETAILING CO LTD21.15%63 920
ROSS STORES13.62%34 727
HENNES & MAURITZ17.49%22 484