​Moss Bros half-year profits flat as sales edge up

Moss Bros

The menswear specialist posted flat adjusted profit before adoption of IFRS 16 and before tax in the period covering January 27 to July 27, down £0.2m in comparison with a profit of £0.2m in the same period the previous year.

Pre-tax losses widened to £2.7m in the period compared with £1.7m the previous year, which the retailer primarily attributed to an IFRS 16 impact of £1.1m.

Moss Bros revenue rose 1.4% year on year to £65.4m, as store like-for-like sales increased 0.6% and overall like-for-likes rose 2.9%.

 

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