UK's Quiz slumps after downbeat FY revenue guidance

Quiz

05/12/2023 08:23

** Shares of fashion brand Quiz Plc  QUIZ.L  down 15.4% at 5.90p
    ** Quiz top loser among all London stocks
    ** Sales for two months to Nov 30, including Black Friday
sale totaled 14.1 mln pounds, below management expectations
    ** Sees FY revenue falling short of market estimates by
about 6-8%, due to demand shortfall  
    ** Given recent trading performance, co says will initiate
review of strategic options available to group
    ** Quiz to announce findings from strategic review in Q1
2024
    ** Shares down ~52% YTD

 (Reporting by Saikeerthi)
 ((Saikeerthi@thomsonreuters.com;))