Mothercare (MTC)

Sector:

Retailers

Index:

FTSE AIM All-Share

6.50p
   
  • Change Today:
    -0.15p
  • 52 Week High: 9.10
  • 52 Week Low: 3.83
  • Currency: UK Pounds
  • Shares Issued: 563.84m
  • Volume: 163,597
  • Market Cap: £36.65m
  • RiskGrade: 339

Mothercare appoints new CEO; interim profits slump

By Michele Maatouk

Date: Thursday 24 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Mother and child retailer Mothercare posted a drop in interim profits on Thursday as it announced the appointment of Daniel Le Vesconte as its new chief executive officer.
In the 26 weeks to 24 September, total group pre-tax profit fell to £800,000 from £4m in the same period a year earlier. International retail sales by franchise partners rose 15% to £162.1m, excluding Russia.

Clive Whiley said: "Our results demonstrate the strong foundations and resilience we have created in the business over recent years. Furthermore, we have generated both profit and cash despite the impact of Covid-19 and the war in Ukraine."

The retailer said that while trading conditions are likely to remain challenging across its markets, including consumer sentiment and inflation, the improvements to its product offer, increased focus on value and the demographics of births and children around the world will provide a degree of insulation.

Whiley said: "Our immediate priority now remains to support our franchise partners as we together navigate out of this suppressed demand period, recover from supply chain disruptions and rebuild their store footfall whilst growing their digital sales.

"This inevitably means that a return to pre pandemic levels of trading is taking time, however this will ultimately benefit both our own business and our franchise partners' businesses in the longer term."

Mothercare announced the appointment of Daniel Le Vesconte as CEO. It said he brings a "wealth" of international brand experience in direct to consumer, franchise, wholesale and licensing, having held senior leadership roles for brands including Abercrombie and Fitch, Hollister and Gilly Hicks (A&F Corp), Dr Martens (Dr Martens PLC), the Wolverine Worldwide group of brands and Vans and Reef (VF Corp).

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Mothercare Market Data

Currency UK Pounds
Share Price 6.50p
Change Today -0.15p
% Change -2.26 %
52 Week High 9.10
52 Week Low 3.83
Volume 163,597
Shares Issued 563.84m
Market Cap £36.65m
RiskGrade 339

Mothercare Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
0.93% above the market average0.93% above the market average0.93% above the market average0.93% above the market average0.93% above the market average
26.32% below the sector average26.32% below the sector average26.32% below the sector average26.32% below the sector average26.32% below the sector average
Price Trend
5.14% below the market average5.14% below the market average5.14% below the market average5.14% below the market average5.14% below the market average
2.44% above the sector average2.44% above the sector average2.44% above the sector average2.44% above the sector average2.44% above the sector average
Income Not Available
Growth
99.72% below the market average99.72% below the market average99.72% below the market average99.72% below the market average99.72% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Mothercare Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
14:18 2,079 @ 6.31p
11:46 50,000 @ 6.50p
11:46 100,000 @ 6.50p
11:46 10,000 @ 6.60p
11:45 1,518 @ 6.64p

Mothercare Key Personnel

Chair Clive Whiley
CFO Andrew Cook

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