UK's Quiz crashes on guiding lower annual revenue, swing to loss

Quiz

19/09/2023 08:35

** Shares of Quiz Plc  QUIZ.L  fall as much as 36.6% to
5.6p, top pct loser across all London shares  
    ** The apparel and footwear retailer forecasts annual
revenues to be 6 to 7% behind market view and swing to loss
before tax
    ** Anticipates lower sales to lead to FY loss before tax of
up to 1.5 mln pounds ($1.9 mln) vs profit of 2.3 mln pounds last
year 
    ** Shares hit lowest since November 2020; stock eyes worst
day since March 2019, if trend holds  
    ** Up to last close, stock had fallen ~41% so far this year 



($1 = 0.8082 pounds)

 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))