Quiz warns of potential effect of Omicron on Christmas as it delivers another loss

QUIZ Arndale store

Quiz has reported a loss before tax and warned its stakeholders about the potential loss of sales due to the rise of the Omicron coronavirus variant in the run-up to Christmas.

For the six months to September 30, 2021, Quiz reported a loss before tax of £1.3m, despite an increase in group revenues from £17.2m to £36m. 

The retailer also reported an underlying loss of £1.3m and a slump in EBITDA from £12.9m to £0.7m. Although Quiz reported an increase in underlying EBITDA from a £3.3m loss last year to £0.7m for this period. 

Quiz reported that total liquidity headroom at 30 September 2021 of £6.6m, being cash net of borrowings of £4.2m and £2.2m of unutilised bank facilities.

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