The online fashion group behind the likes of Jacamo, JD Williams and Simply Be has predicted its profits could drop by more than £10m during its up-coming financial year because of "the escalating and fast-moving inflationary environment".
N Brown said its adjusted EBITDA for the 12 months to March 4, 2023, will be similar to the level reported in the year to February 27, 2021, which totalled £86.5m.
The Manchester-headquartered group is expecting to report an adjusted EBITDA for its most recent financial year of between £93m and £96m.
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In a statement issued to the London Stock Exchange, N Brown added that it anticipates its profits "growing again as the macroeconomic headwinds recede and the group's strategy is executed".
Chief executive Steve Johnson said: "I am pleased with the progress which we continue to make and despite the volatile backdrop our expected full year numbers remain in line with previous guidance.
"It's encouraging to see full year customer numbers return to growth and to be closing the year with a strong balance sheet.
"We enter the new financial year with continued confidence in our proposition.
"We are not immune to the supply chain and inflationary cost pressures being seen across the wider market, however, we continue to take proactive actions to offset these and mitigate the impact on our FY23 performance.
"I would like to thank our colleagues for their continued commitment in serving our customers and delivering a strong performance for the year, which positions us well for the future."
