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.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
During December, registered users can access 24 free articles in our advent calendar - find it here or on the homepage.
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.