SCS Group (SCS)

Sector:

Retailers

Index:

FTSE Fledgling

167.50p
   
  • Change Today:
    -1.00p
  • 52 Week High: 320.00
  • 52 Week Low: 153.00
  • Currency: UK Pounds
  • Shares Issued: 37.10m
  • Volume: 74,385
  • Market Cap: £62.14m
  • RiskGrade: 215

ScS reports slowdown, shares tank

By Michele Maatouk

Date: Friday 26 Nov 2021

LONDON (ShareCast) - (Sharecast News) - ScS shares tanked on Friday after the furniture and floor coverings retailer reported a slowdown in trading.
In an update ahead of its annual meeting, the company reported total two-year like-for-like order growth of 0.9% for the 16 weeks ending 20 November. Meanwhile, there was a 10.6% decline in one-year like-for-like orders following "an unprecedented period of pent-up demand at the beginning of the prior year".

The retailer had reported a strong start to the year, resulting in two-year like-for-like order intake growth for the first nine weeks. However, it said on Friday that over the last seven weeks, there has been a drop in store footfall and conversion, with consumers spending less on big ticket discretionary purchases.

"This appears to be driven by a change in behaviour with consumers shopping earlier for Christmas when compared with previous years," it said. It added that the extended product lead times currently being experienced across the furniture and wider retail industry are also having an impact on purchasing trends.

"The group is now preparing for the winter sales trading period, and whilst it remains difficult to predict shopping habits and consumer engagement, the business is planning to approach this key period in a manner consistent with that which has proven successful in previous years," ScS said.

"We continue to work closely with our existing suppliers to mitigate current supply chain challenges. To broaden our customer proposition, we have recently partnered with new UK suppliers so that we can offer furniture on shorter lead times."

At 0945 GMT, the shares were down 9% at 226.45p.

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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.

 

SCS Group Market Data

Currency UK Pounds
Share Price 167.50p
Change Today -1.00p
% Change -0.59 %
52 Week High 320.00
52 Week Low 153.00
Volume 74,385
Shares Issued 37.10m
Market Cap £62.14m
RiskGrade 215

SCS Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.18% above the market average89.18% above the market average89.18% above the market average89.18% above the market average89.18% above the market average
91.49% above the sector average91.49% above the sector average91.49% above the sector average91.49% above the sector average91.49% above the sector average
Price Trend
49.04% below the market average49.04% below the market average49.04% below the market average49.04% below the market average49.04% below the market average
19.23% below the sector average19.23% below the sector average19.23% below the sector average19.23% below the sector average19.23% below the sector average
Income
98.83% above the market average98.83% above the market average98.83% above the market average98.83% above the market average98.83% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
60.91% above the market average60.91% above the market average60.91% above the market average60.91% above the market average60.91% above the market average
68.00% above the sector average68.00% above the sector average68.00% above the sector average68.00% above the sector average68.00% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SCS Group Dividends

  Latest Previous
  Interim Final
Ex-Div 21-Apr-22 11-Nov-21
Paid 12-May-22 10-Dec-21
Amount 4.50p 7.00p

Trades for 20-May-2022

Time Volume / Share Price
15:56 20,794 @ 170.10p
15:37 18,733 @ 170.35p
16:37 2,094 @ 170.00p
16:35 2,016 @ 167.50p
16:22 5,000 @ 169.90p

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