skip to Main Content
enquiries@thearmchairtrader.com

Sign up for our Free Daily Digest newsletter: Actionable insight every morning, designed for the self-directed investor. Find out more

Three things you need to know in the financial markets this morning from investment writer, Tony Cross.

Superdry

Superdry [LON:SDRY] has published a trading update this morning, covering both black Friday and the Christmas shopping periods. The company continues to face headwinds, with weak trading on old product ranges serving to drag on performance. There’s also been a shortfall reported in wholesale business, although this is being attributed in part to timing issues and should at least in part right itself in full year results. Profit forecasts for the full year have however been trimmed to between £0 and £10m.

B&M

It’s not all bad news for retail however, with discount homewares chain B&M [LON:BME] publishing a trading update today. Group revenue is up 9.3% on the quarter with 15 new stores opened and a further 6 to come in the last three months of the trading year. The company does however caution that sales in the run up to Christmas were a bit slower than it had expected and news like that may knock some of the steam out of these latest gains. However, with management projecting a confident outlook for the year ahead, if we do see any downside pressure it could be difficult to justify in anything but the very shortest term.

JD Sports

Keeping with retail, JD Sports [LON:JD] has published their Christmas trading update today. Details are light but critically they expect full year profits to be at the upper end of market expectations. Success in overseas markets is being cited as having been especially encouraging, Full year numbers will be published in mid-April.

Share this article

Sign up to our Daily Digest newsletter and receive our latest insight every morning

Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Tony Cross

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

Comments

This Post Has 0 Comments

Leave a Reply

Your email address will not be published.

Back To Top