Moss Bros Group is expected to tell shareholders that the first 16 weeks of the financial year have been good for the menswear retailer. Like-for-like sales increased by 4 per cent over the period, which started from January 30. Gross margin also rose, by 1 percentage point.
Profits at the group grew five-fold for the year to January 29. The menswear retailer's pre-tax profit was up from£1 million to£5.5 million. Turnover for the year increased, but at a slower rate, from£124 million to£130.2 million. Like-for-like sales were up 9 per cent.