Eve Sleep has narrowed its half-year losses despite suffering a fall in sales during the first six months of its financial year.
The online mattress specialist said underlying EBITDA losses were slashed 80% to around £1.2m during the six months to June 30 – ahead of board expectations.
That bottom-line improvement came despite a 5.1% drop in sales to £12.2m during the period. Eve said revenues remained ahead of expectations following “strong” trading during May and June.
The etailer insisted that momentum had continued into July as it capitalises on a “strong” homewares market.
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:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.