Lack of mid-season sale leads to improved profit at Moss Bros
20th May 2016 08:39
(ShareCast News) - Menswear retailer Moss Bros reported a 3.3% rise in total sales in the 15 weeks to 14 May on Friday, as investors gathered for the annual general meeting, with like-for-like sales up 5%. The company's retail sales climbed 5.1% during the period, with hire sales growing 4.7%. Of t
Read moreMoss Bros full year profit up 23%
5th Apr 2016 08:03
(ShareCast News) - Specialist menswear retailer Moss Bros posted a rise in full year profit and sounded an upbeat note on current trading. In its preliminary results for the 52 weeks to 30 January, Moss Bros said underlying pre-tax profit rose 23.1% from the previous year to £5.9m. Like-for-like sa
Read moreTuesday preview: Moss Bros' online offering in focus as it reports full year results
4th Apr 2016 13:31
(ShareCast News) - Moss Bros Group reports its 2015 preliminary results on Tuesday with analysts expecting an increase in earnings compared to the previous year. The City has pencilled in full year pre-tax profits of £5.8m, up from £4.8m in 2014. Revenue is forecast to rise to £123.1m from £114.7 th
Read moreMoss Bros appoints new FD and COO
19th Feb 2016 08:57
(ShareCast News) - Specialist menswear retailer Moss Bros has appointed Tony Bennett as group finance director and Paula Minowa as chief operating officer. Bennett, currently the FD at Charles Tyrwhitt, will take over the role from Robin Piggott, who announced his intention to retire in September.
Read moreMoss Bros sales grow despite challenging autumn
14th Jan 2016 10:13
(ShareCast News) - Formal menswear specialist Moss Bros reported a rise in sales for the 23 weeks from 2 August to 9 January, as its promotional strategy offset a challenging trading environment in autumn. Like-for-like sales were up 4.2% on the previous year, while total sales for the period were 4
Read moreMoss Bros scrubs up well as interim profit surges
29th Sep 2015 08:15
(ShareCast News) - Shares in Moss Bros Group jumped 6% early on Tuesday, as the formal menswear retailer reported a sharp increase in hire sales in the first half of the year. In the six months to 1 August, the London-listed group posted a 9.8% year-on-year in like-for-like hire sales, while retail
Read moreMoss Bros sees revenues and profits rise in 2014 despite competitive retail environment
25th Mar 2015 09:33
Suit specialist Moss Bros reported a set of strong full-year results thanks to an increase in like-for-like retail sales. The group saw its revenues increase by 5% to £114.7m and profit before tax rise 9% to £4.8m. Earnings per share also rose from 3.76p to 4.02p. E-commerce sales grew 58.9% thanks
Read moreFriday broker round-up UPDATE
3rd Oct 2014 09:25
Anite: Investec places its target price (prev.: 90p) under review maintaining a hold recommendation. Avon Rubber: WH Ireland ups target price from 765p to 800p and retains a buy recommendation. Investec ups target price from 700p to 720p upgrading from add to buy. BTG: Panmure Gordon raises target
Read moreMoss Bros director tops up stake after sales rise
23rd Sep 2014 16:39
Zoe Morgan, an independent non-executive director of men's clothing retailer Moss Bros, has together with her husband added 13,280 shares to their existing holding of 50,424. The director paid 93.47p a share for a total spend of £12,413. The deal was made on Monday, the same day the company reporte
Read moreMoss Bros hires out fewer wedding outfits but sales rise
22nd Sep 2014 08:54
Men's outfitter Moss Bros blamed lower wedding business for a drop-off in summer hire sales, but said overall sales were looking up. Moss Bros said hire bookings for the 2014 wedding season were behind last year's levels, although the average price achieved on hire continued to improve due to the la
Read moreMoss Bros trading improves but wedding business weighs
23rd May 2014 08:03
Menswear retailer Moss Bros reported improving trading and said it was on track to achieve expected growth levels, although a subdued wedding market hit outfit hire sales. Moss said its overall trading continued to improve on the prior year, in line with market expectations, in the 16 weeks to May
Read moreWednesday broker round-up UPDATE
26th Mar 2014 08:51
Aberdeen Asset Management: Citi reduces target price from 455p to 390p and stays with its neutral rating. Acta: Cantor Fitzgerald places both its target price (prev.: 16p) and its buy recommendation under review. Alliance Pharma: Numis shifts target price from 38p to 39p upgrading to add. APR Ene
Read moreMoss Bros hires more wedding outfits as FY profits rise
26th Mar 2014 08:00
An upturn in people hiring outfits for weddings is boosting business at menswear retailer and outfit hirer Moss Bros as its 2013 profits rose. Moss Bros said 2013 was tough for the wedding outfit hire industry, but early season bookings for 2014 had stabilised and bookings this month were stronger
Read moreLaura Ashley sells 8m pounds stake in Moss Bros
15th Jan 2014 10:25
Struggling fashion and household goods retailer Laura Ashley has offloaded its 8 million pound stake in menswear chain Moss Bros to shore up its finances. Laura Ashley, which blamed the wrong kind of weather for lower first-half profits in September, said its Bagleys Investments arm sold 9,499,937
Read moreMoss Bros boosts dividend as full-year profit to beat forecasts
14th Jan 2014 13:45
Shares in Moss Bros surged on Tuesday after the UK men's formalwear company said it expects to post full-year profit ahead of market forecasts. Chief Executive Brian Brick said the firm was encouraged by trading over the key Christmas period. Like-for-like sales jumped 12.9% in the five weeks to
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