While disruption was significant in H1, Warpaint still made a small profit and generated cash. Crucially, even with some ongoing weakness in markets like the US, trading has recently bounced back to pre-CV19 budgeted levels. This is a function of the brand and range development work, and broadening distribution in the UK (Tesco/Wilko). It also highlights the appeal of its value-for-money on-trend brands. Improved visibility around the full year outcome has led to PBT guidance being reinstated fo ....
23 Sep 2020
Trading has bounced back in H2, DPS re-instated
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Trading has bounced back in H2, DPS re-instated
Warpaint London PLC (W7L:LON) | 412 0 0.0% | Mkt Cap: 318.7m
- Published:
23 Sep 2020 -
Author:
Matthew McEachran -
Pages:
3
While disruption was significant in H1, Warpaint still made a small profit and generated cash. Crucially, even with some ongoing weakness in markets like the US, trading has recently bounced back to pre-CV19 budgeted levels. This is a function of the brand and range development work, and broadening distribution in the UK (Tesco/Wilko). It also highlights the appeal of its value-for-money on-trend brands. Improved visibility around the full year outcome has led to PBT guidance being reinstated fo ....