Major Setback for Sosandar: Revenues Down, Store Openings Paused
- Sosandar lowers FY26 guidance due to M&S cyber attack
- Revenues expected to rise 18% to £43.6m
- Pre-tax profits now estimated at £400k
- New store openings paused
Sosandar has revised its financial year 2026 (FY26) guidance after a cyber attack at its second-largest third-party partner, M&S, disrupted sales in the first quarter. The company initially expected revenues of £46.2m and adjusted pre-tax profits of £1.5m but now anticipates an 18% increase in revenues to £43.6m with pre-tax profits at £400k. As a result, new store openings have been temporarily halted.
Factuality Level: 7
Factuality Justification: The article provides relevant information about Sosandar’s profit expectations and the impact of a cyber attack on their sales. However, it could provide more context or details about the cyber attack and its consequences.
Noise Level: 7
Noise Justification: The article provides relevant information about Sosandar’s profit expectations and the impact of a cyber attack on their sales. However, it could provide more context or analysis on how this event might affect the company’s long-term prospects or discuss potential solutions to prevent similar incidents in the future.
Financial Relevance: Yes
Financial Markets Impacted: Yes
Financial Rating Justification: The article discusses a company’s (Sosandar) change in profit expectations due to a cyber attack affecting its sales, which has financial implications. It also mentions the impact on financial markets as it involves a third-party partner (M&S).
Presence Of Extreme Event: Yes
Nature Of Extreme Event: Technological Disruption
Impact Rating Of The Extreme Event: Moderate
Extreme Rating Justification: A cyber attack caused disruptions in sales, affecting the company’s profit expectations.
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