Fashion Brand Quiz surges on expectations of return to profitability
01/04/2022 08:50
** Shares of omni-channel fashion brand QUIZ.L surge ~42%
to 15.3p; on track for their best day since July 2020 if gains
hold
** Stock hits highest since Jan. 25, 2022
** Co said on Friday it expects to be profitable in FY2022
with a profit before tax of no less than 0.5 mln pounds
urn:newsml:reuters.com:*:nASM00063N
** Positive sales trends during Christmas continued through
the last quarter and resulted in like-for-like revenues broadly
consistent with those prior to the impact of COVID-19
** Says group revenue is expected to be ahead of
expectations at 78 mln pounds
** QUIZ shares rose ~93% in 2021
(Reporting by Subhadeep Chakravarty in Bengaluru)
((subhadeep.chakravarty@thomsonreuters.com))