Quiz swings to loss as brand blames ‘challenging market conditions’

QUIZ Arndale store

Quiz has swung to a loss before tax and seen its underlying EBITDA more than halve in what the fast-fashion group called a “continued challenging market”.

In the six months to September 30, 2019, the fast-fashion brand reported a loss of £6.8m, down from a profit of £3.8m for the same period in 2018.

Underlying EBITDA fell 54% to £2.7m, and underlying profit before tax fell 85% to just £0.6m.

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