Best of the Best PLC provided earnings guidance for the financial year ending 30 April 2022. With substantially fixed cost model, this will have a disproportionate impact on margins, profitability and earnings for the financial year ending 30 April 2022. Whilst still substantially higher than the pre-COVID comparative and the results delivered in fiscal year 2020, these are now anticipated to be c.57% lower than what was reported for fiscal year 2021. The new guidance the Board is providing for the year ending 30 April 2022 is c.62% below current market forecasts with a commensurate impact on the following financial year. However, should revenue trends improve, it can be expected that the reverse would occur and margins and profitability would increase materially due to the nature of the business model and the operational gearing.