N Brown has slightly beaten our expectation for FY2019, with CPTP of £83.6m (SC forecast £81.2m), albeit previously disclosed exceptional items lead to a statutory £57.5m loss. Recently appointed CEO, Steve Johnson, has set out a revised ‘customer centric’ strategy set around a UK focus, improved shopping experience, better products, smarter use of data and an enhanced human resource. Taking on-board FY2020 company guidance (modest gross margin contraction &
02 May 2019
Diligent delivery, new strategic priorities and upgrades
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Diligent delivery, new strategic priorities and upgrades
N Brown Group plc (BWNG:LON) | 15.1 0.1 4.9% | Mkt Cap: 70.0m
- Published:
02 May 2019 -
Author:
Darren Shirley -
Pages:
7
N Brown has slightly beaten our expectation for FY2019, with CPTP of £83.6m (SC forecast £81.2m), albeit previously disclosed exceptional items lead to a statutory £57.5m loss. Recently appointed CEO, Steve Johnson, has set out a revised ‘customer centric’ strategy set around a UK focus, improved shopping experience, better products, smarter use of data and an enhanced human resource. Taking on-board FY2020 company guidance (modest gross margin contraction &