The key take-away today is that BWNG is on track to meet FY18 PBT expectations. Sales over peak, and especially product margin, came in slightly below expectations. However, a significant beat in Financial Services margin (debtor quality and reducing arrears rates) and tight cost control have mitigated this shortfall. There was a drag within Fifty Plus as a result of the migration but this is likely to be resolved by better personalisation over the next 2-3 months, i.e. can be resolved fairly qu ....
23 Jan 2018
Growth over peak, with promos offset by FS margin+ cost improvements
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Growth over peak, with promos offset by FS margin+ cost improvements
N Brown Group plc (BWNG:LON) | 14.2 0 (-0.5%) | Mkt Cap: 65.7m
- Published:
23 Jan 2018 -
Author:
Matthew McEachran -
Pages:
4
The key take-away today is that BWNG is on track to meet FY18 PBT expectations. Sales over peak, and especially product margin, came in slightly below expectations. However, a significant beat in Financial Services margin (debtor quality and reducing arrears rates) and tight cost control have mitigated this shortfall. There was a drag within Fifty Plus as a result of the migration but this is likely to be resolved by better personalisation over the next 2-3 months, i.e. can be resolved fairly qu ....