Australia's Mosaic Brands soars on upbeat forecast

Mosaic Brands

10/11/2022 01:49

** Shares of Mosaic Brands Ltd  MOZ.AX  rise as much as
14.5% to A$0.355, their highest since Nov 4
    ** The Australia-based fashion retail co says it's confident
the group will return to its track record of profitability in
FY23  urn:newsml:reuters.com:*:nASX6qptxp
    ** Says year-to-date comparative in-store sales are up 21%
    ** Says YTD sales to end-October increased more than A$51
mln ($32.83 mln), up 54% pcp
    ** Stock posts its biggest intraday pct gain since Nov 3
    ** Stock down 49.6% this year, as of last close
($1 = 1.5535 Australian dollars)
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))