We expect Q1/20 results to be a non-event given the clearly communicated soft January with the subsequent clearance sale in February and March. As investor focus has turned from a disappointing winter season to the ongoing Covid-19 uncertainty, we expect an update on April 2020 sales to be key for short-term share price momentum. Following 7 quarters of negative LFL revenue growth (including Q1/20), we expect actual April sales to surprise on the upside.
27 Apr 2020
April trading update to support momentum
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April trading update to support momentum
We expect Q1/20 results to be a non-event given the clearly communicated soft January with the subsequent clearance sale in February and March. As investor focus has turned from a disappointing winter season to the ongoing Covid-19 uncertainty, we expect an update on April 2020 sales to be key for short-term share price momentum. Following 7 quarters of negative LFL revenue growth (including Q1/20), we expect actual April sales to surprise on the upside.