The three retailers all reported on their Christmas trading today, with all three telling different tales of success.
Companies: QAB, SDRYN, TED
Today has been a busy day for listed retailers with three big names announcing their Christmas results.
Supergroup (LON: SDRY), the company behind clothing giant Superdry reported its Interims results as well its Christmas trading results, which saw group retail LFL growth jump 4.7%, boosted by a 30% spike in online sales.
Euan Sutherland, Chief Executive Officer, said:
"Having traded through our peak trading period, the Board remains confident in delivering full year underlying profit before income tax in line with the range of analyst expectations and in the quality of the sustainable financial performance we can deliver."
Despite the strong Christmas, the Group's Interims showed a slowdown in pre-tax profits of 28%, which sent shares in the Group down 7% on Wednesday morning.
Mens clothing retailer Ted Baker (LON: TED) also reported its Christmas figures, with retail sales jumping 9% and online sales growing 35% for the 8 weeks to 6 January 2018. It also opened new sites in Canada, Germany and Spain.
Commenting on its performance, Group Founder and Chief Executive Ray Kelvin CBE, said:
"The Ted Baker brand has continued to perform in line with expectations over the Christmas period, delivering a good retail performance driven by particularly strong growth from e-commerce, which is an increasingly important part of our retail business."
Shares in TED jumped 7% to 3046p off the back of its results.
Women's retailer Quiz (LON: QUIZ) also reported its results Christmas trading results, and it seems it too has been busy in the seven weeks to 6 January 2018.
The fast-fashion brand reported a 32% increase in Group Revenue over the period, with online sales soaring 119% through its own website as well from third-party partners.
Tarak Ramzan, Chief Executive Officer, commented:
"We are pleased with QUIZ's continued strong momentum across the Group's omni-channel business model during the important Christmas trading period. This growth reflects the strength of our brand and the appeal of our products to customers who want the latest looks at fantastic value."
It shares rose 2% on Wednesday morning as a result.
