Quiz (QUIZ)

Sector:

Retailers

Index:

FTSE AIM All-Share

5.35p
   
  • Change Today:
    -0.63p
  • 52 Week High: 16.05
  • 52 Week Low: 5.06
  • Currency: UK Pounds
  • Shares Issued: 124.23m
  • Volume: 808,271
  • Market Cap: £6.65m

Covid-19 to dent March revenues, margins at Quiz

By Michele Maatouk

Date: Thursday 26 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Quiz warned on Thursday that March revenues and margins were set to be "materially" below the board's expectations as it takes a hit from the coronavirus outbreak.
The AIM-listed fast fashion retailer said that prior to the outbreak, its year-to-date performance had been in-line with expectations. However, since the start of March there has been a "substantial" decline in traffic both in stores and online. Its stores and concessions have now been closed.

"Given these factors, revenues and margins in March 2020 are expected to be materially below the board's expectations," the company said. "The financial results for the year ending 31 March 2020 will also be impacted by factors such as determining the recoverability of debtor balances, the adequacy of inventory provisions and the requirement for further non-cash store fixture and lease provisions."

Quiz said it was unable to give any guidance for the year to the end of March 2021 "given the ongoing uncertainty regarding the duration of the Covid-19 outbreak".

"The group is continuing to take steps to preserve cash by eliminating non-essential spend, postponing capital projects, substantially reducing stock intakes and deferring payments wherever possible," it said.

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Quiz Market Data

Currency UK Pounds
Share Price 5.35p
Change Today -0.63p
% Change -10.46 %
52 Week High 16.05
52 Week Low 5.06
Volume 808,271
Shares Issued 124.23m
Market Cap £6.65m

Quiz Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket 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
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
95.12% below the sector average95.12% below the sector average95.12% below the sector average95.12% below the sector average95.12% below the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above 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.

Quiz Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Feb-19 16-Aug-18
Paid 14-Mar-19 14-Sep-18
Amount 0.40p 0.80p

Trades for 28-Mar-2024

Time Volume / Share Price
13:34 3,422 @ 5.49p
12:41 100,000 @ 5.35p
12:41 100,000 @ 5.35p
12:38 235 @ 5.50p
11:41 3,729 @ 5.37p

Quiz Key Personnel

CFO Gerard Sweeney
CEO Sheraz Ramzan

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