Moss Bros turns in smart performance
The Company has performed strongly in the fourth quarter with like for like sales running at +4 per cent.
Total like for like sales for the year were up 2.5 per cent. Philip Mountford, Chief Executive, said ‘The Company, through a competitive trading year, has continued to make good
progress and we have had a strong final quarter with the full year finishing with like for like sales up +2.5%. Our performance has improved on that reported on 12 October 2005 when like for like sales were flat on the previous year for
the first 14 weeks of the second half.
We continue to make good progress with improvements in sourcing and products which are having a positive impact. The business continues to out-perform its sector and we expect to see positive like for like sales during the next 12 months, whilst continuing to improve
gross profit through further sourcing opportunities and controlling costs. We believe the Company now has a solid and robust platform on which to expand further during 2006 with at least another 10 stores planned”.
