Quiz has reported a 97% year-on-year rise in revenue, helped by stores reopening and social occasions returning due to the removal of Covid-19 restrictions.
The Glasgow-headquartered fast fashion brand's results for the year ended 31 March 2022 showed that higher levels of full price sales resulted in an increase to the gross margin at 60.3%, consistent with the gross margin generated in the year prior to the pandemic, and up from from 53.4% during 2021.
Rising distribution and administrative costs were restricted to 22%, as increased revenues leveraged off the group's existing infrastructure.
