Fashion Retailer Quiz Sees Strong Online Growth Amidst Pandemic Recovery

  • Quiz returns to profitability with a 97% increase in revenue
  • Profit before tax reaches £0.8m from an underlying loss of £9.6m in the previous year
  • EBITDA at £5.1m, up from an underlying loss of £4.9m in 2021
  • Gross margin increases to 60.3% from 53.4% in FY 2021
  • Online sales through Quiz’s website increase by 66%
  • Active customers up 74% compared to the previous financial year
  • CEO Tarak Ramzan expresses confidence in brand and strategy

Quiz, the fashion retailer, has reported a return to profitability in its full-year results for the year ending 31 March 2022, with group revenue soaring 97% year-on-year. Profit before tax reached £0.8m, up from an underlying loss of £9.6m in 2021, and EBITDA hit £5.1m, up from an underlying loss of £4.9m the previous year. The company’s gross margin increased to 60.3%, similar to the pre-pandemic level of 53.4% in FY 2020. Online sales through its own website surged by 66%, and active customers grew 74% compared to the prior financial year, aligning with the demand for Quiz’s core occasion wear offering. CEO Tarak Ramzan attributed this success to the company’s omni-channel model and infrastructure. Despite ongoing challenges in the retail sector, he remains confident in Quiz’s ability to maintain growth.

Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about Quiz’s financial performance, including revenue growth, profitability, and the CEO’s perspective on the company’s strategy and positioning in the market.
Noise Level: 3
Noise Justification: The article provides relevant information about Quiz’s financial performance and the CEO’s perspective on the company’s growth and strategy. It includes specific numbers and percentages to support its claims, but it is mostly focused on the company’s own statements without exploring broader context or potential challenges beyond the ‘well-documented challenges in the retail sector.
Financial Relevance: Yes
Financial Markets Impacted: Quiz’s financial performance impacts the retail sector
Financial Rating Justification: The article discusses Quiz’s return to profitability, revenue growth, and impact on its own website sales and store concessions. This information is relevant for investors and stakeholders in the retail industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.

Reported publicly: www.retailsector.co.uk