Matalan crashes to first-quarter loss as lockdown hits bottom line

Matalan-storefront-HR

The homeware and fashion retailer posted a restated EBITDA loss of £35.8m in the 13 weeks to May 30 against a profit of £25m during the same period the previous year.

Revenue dived 72.3% in the quarter to £75.3m, in comparison with sales of £273.5m last year.

 

Already have an account?

Want to read more?

Register for LIMITED guest access

Register now

Get premium access

£5 A MONTH for 3 months

Subscribe now