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N Brown Group PLC (BWNG.L)

BWNG.L on London Stock Exchange

25 May 2017
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Latest Key Developments (Source: Significant Developments)

N Brown says macro-economic backdrop remains challenging for retail
Thursday, 27 Apr 2017 02:00am EDT 

April 27 (Reuters) - N Brown Group Plc :Total dividend 14.23 penceper share.Final dividend 8.56 penceper share.Fy online revenue +10 pct yoy; online revenue of power brands +14 pct.Statutory revenue and pbt for 53 weeks to 4 th march 2017 were £900.7m and £57.6m respectively..Fy group revenue was up 2.5 pct to £887.7m.Fy product revenue up 3.4 pct.Fy financial services revenue up 0.4 pct.Ladieswear revenues +4.2 pct yoy and +10.4 pct yoy in h2, best performance since fy08, with significant market share gains.Good power brand performance, with revenue +9.2 pct and active customers +9.9 pct (excluding fifty plus).Jd williams brand revenue +12 pct; fifty plus migration on track.O over 100 new third-party brands added since start of fy17.Announcing a relationship with Tesco to sell capsule collection of Simply Be and Jacamo Lines on Tesco Direct.Although it is early in our new financial year, performance so far has been encouraging and in line with our expectations..We are in discussions with a number of retailers to sell capsule collections of our brands through their sites.Online accounted for 69 pct of our sales for fy17. Online revenue was up 10 pct year on year overall, and up 14 pct in our power brands..Sees fy18 product gross margin -120bps to -20bps, with key driver being increased input costs as a result of depreciation of sterling.Macro-Economic backdrop remains challenging for retail.  Full Article

N Brown says expects FY exceptional costs to be around 24-27 mln stg
Tuesday, 11 Apr 2017 09:14am EDT 

N Brown Group Plc : Has previously guided to FY17 exceptional costs of c.£12m, of which £9m related to financial services customer complaint redress . Now expect cost of likely future complaints to be higher than our previous estimate . Therefore expect to incur an FY17 exceptional cost related to financial services customer complaint redress in region of £22m - £24m . Cash cost associated with this exceptional item will be incurred over period to august 2019. . Continue to expect an additional £2m - £3m exceptional costs in fy17 in relation to our ongoing historic tax cases .Total fy17 exceptional costs are therefore expected to be in region of £24m - £27m.  Full Article

N Brown on track to meet FY view after online drives Q3
Thursday, 19 Jan 2017 02:13am EST 

N Brown Group Plc : Q3 financial highlights: . Group revenue +4.1% . On track to meet full year expectations .Q3 strategic highlights: . Online revenue up 12%, with penetration now 70%, up 4ppts year-on-year.  Full Article

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UPDATE 1-Women's clothing sales help UK retailer N Brown ride out tough market

April 27 British plus-size fashion retailer N Brown Group Plc posted a 2.5 percent rise in full-year revenue due to strong demand for its women's clothing and solid online sales, helping it ride out a tough retail environment.