While challenging conditions were anticipated in H2, adverse unseasonal weather and Royal Mail strikes have impacted sales in the key selling period. A proactive response by management has seen significant cost savings already identified, and further streamlining to optimise growth and efficiency is being reviewed. While these actions temper medium term ambitions, reduced forecasts show a 10% 2-yr sales CAGR and a return to profit in H2 FY24. ND rises, but banks are supportive and liquidity is s ....
