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Insider UK
Insider UK
Peter A Walker

Quiz back in black, but raises cost-of-living concerns

Quiz has reported a pre-tax profit of £1.8m - up from a £1.3m loss during the same period last year - but warned that cost of living pressures are making the near-term outlook uncertain.

The Glasgow-headquartered fast fashion brand's unaudited interim results for the six months ended 30 September, also showed that group revenues increased 37% from £36m to £49.4m, reflecting stronger consumer demand and softer prior year comparatives as a result of Covid-19 related disruption.

Gross margin returned to levels seen in the first half of 2020, reflecting improved full-price sell-through.

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