- For the 26 weeks to 26 October 2019, revenue declined by 11% year over year to £369.1 million
- Due to reduction in promotional activities and full-price sales, gross margin increased by 250 basis points, partially offset by 180 basis points headwind related to foreign exchange movement.
- The company has booked charges of £1 million relating to accounting of inventory and £6.9 million in relation to recovery of debt.
- On 12th December 2019, the stock of SDRY was trading at GBX 480.20 at GMT 08:01 AM, down 19.8 points or 3.96% from its previous close.
With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities.
Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?
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We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.