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Mothercare (MTC)

Share Price:
Up 14.85p
Change Today:
0.100p
Market Cap:
50.75m

Mothercare delays FY results by a day

23 May 19

LONDON (ShareCast) - (Sharecast News) - Mothercare has delayed the release of its full-year results by a day to Friday, but said it continues to expect underlying results to be in line with market expectations.
"As a result of the complexity of our financial year ended 30 March 2019 - which included the 117.5m refinancing and associated UK and group restructuring, the disposal of both Early Learning Centre and our head office property, we have decided to reschedule the announcement of our full year results by one day," it said.

The struggling retailer has shut 40 stores over the past few months, shrinking its estate to 80 in April from 137 the year before. It posted an 8.8% drop in fourth-quarter UK like-for-like sales back in April, and warned that market conditions in the UK and in some international markets were expected to remain challenging.

Analyst Clive Black at Shore Capital said: "Whilst perhaps a little unnerving for investors, today's news is but a storm in a tea cup compared to the much choppier waters faced by Mothercare in recent times."

At 0950 BST, the shares were down 5.1% at 20.21p.

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

 

Market Data

Currency UK Pounds
Price 14.85p
Change Today 0.100p
52 Week High 27.00p
52 Week Low 14.70p
Volume 739,209
Shares Issued 341.74m
Market Cap 50.75m

Dividends

No dividends found