Mothercare PLC Trading Statement (7180B)
06 April 2017 - 4:00PM
UK Regulatory
TIDMMTC
RNS Number : 7180B
Mothercare PLC
06 April 2017
6 April 2017
MOTHERCARE PLC
FY17 Q4 trading update
Mothercare plc, the leading global retailer for parents and
young children, today issues the following trading update, which
covers the 11 week period to 25(th) March 2017.
UK
-- UK like-for-like sales up 4.5% during the quarter driven by
online sales growth of 13.6%. Online sales now represent c41% of UK
sales
-- We ended the quarter with 152 stores (147 Mothercare and five
ELC) of which c70% are now trading in the new, modern format
-- Margin remains within our guidance for the full year
International
-- Many International markets are now in growth, while the Middle East remains challenging
-- International retail sales were down 1.7% in constant
currency and up 15.4% in actual currency, reflecting the ongoing
currency tailwinds
-- Ten transactional websites opened during the year. Now
trading online in 21 countries with full year online sales growth
of 64% in constant currency and 86% in actual currency
-- We opened 144 stores and closed 116 during the year, ending
the quarter with 1,338 stores and c3.1M sq.ft.of retail space
Group performance for 11 weeks to 25(th) March 2017
11 weeks: 52 weeks:
------- ------ ------ ------
FY2016 FY2017 25th March 2017
Q4 Q1 Q2 Q3 % change year-on-year
----------------------------------------------------- ------- ------ ------ ------ ------------------------
UK Q4 YTD
Total UK sales 0.8 (2.1) (2.5) 0.6 3.2 (0.1)
Online sales 5.6 6.4 7.3 5.5 13.6 7.8
UK like-for-like sales (1) 2.1 1.2 (2.5) 1.0 4.5 1.1
UK space (change in sq.ft.) (6.4) (4.8) (1.7) (4.5) (5.9) (5.9)
International
International retail sales in constant currency (1) (9.7) 3.9 (5.6) (5.9) (1.7) (2.4)
International retail sales in actual currency (1) (10.8) 5.1 9.5 13.2 15.4 10.3
International space (change in sq.ft.) 4.6 2.3 1.8 0.0 0.9 0.9
Group
Worldwide sales (2) (6.7) 2.7 5.1 7.5 10.7 6.3
Total group sales (3) (1.4) (1.7) 0.5 1.8 (12.2) (2.2)
----------------------------------------------------- ------- ------ ------ ------ ----------- -----------
Contd/...
Mark Newton-Jones, Chief Executive Officer of Mothercare plc,
said:
"Following a solid final quarter, our overall Group performance
remains broadly in line with market expectations for the year.
"We have made further progress in the period, with the UK
performing particularly well on a like-for like basis. Customers'
response to our spring/summer ranges has been positive, as has the
feedback on the new website and our new store environment; over the
past two years we have successfully refurbished 70% of the store
estate to our new, modern format. Our customer database now stands
at over three million active customers, allowing us to communicate
seamlessly between our digital and physical channels.
"In our International business, we have seen strong sales in
China, Indonesia and Russia supported by currency tailwinds, whilst
the continuing economic conditions in the Middle East remain
challenging. We continue to export our learnings from the UK and as
a result, have launched ten new websites this year, bringing our
total to 21 countries now trading online. We still see many
opportunities in existing and new markets around the world that are
open to us."
"We are firmly focused on our strategy to build our businesses
both here in the UK and internationally and our vision remains
clear: to be the leading global retailer for parents and young
children."
Investor and Analyst enquiries
to:
Mothercare plc
Mark Newton-Jones, Chief
Executive Officer 01923 206455
Richard Smothers, Chief Financial
Officer 01923 206455
Helen Gunter, Director of
Corporate Communications 01923 206381
Media enquiries to:
MHP Communications:
John Olsen/Simon Hockridge 020 3128 8100
Notes:
1 - UK like-for-like sales are defined as sales from stores that
have been trading continuously from the same selling space for at
least a year and include online sales. International retail sales
are the estimated retail sales of overseas franchisees and joint
ventures and associates to their customers. International
like-for-like sales are the estimated franchisee retail sales from
stores that have been trading continuously from the same selling
space for at least a year.
2 - Worldwide sales are total International sales plus total UK
sales. Total International sales are International retail sales
plus International Wholesale sales.
3 - Total group sales is a statutory number and is made up of
total UK sales and receipts from our International partners, which
includes royalty payments and the cost of goods dispatched to our
franchise partners.
4 - This announcement contains certain forward-looking
statements concerning the company. Although the Board believes its
expectations are based on reasonable assumptions, the matters to
which such statements refer may be influenced by factors that could
cause actual outcomes and results to be materially different. The
forward-looking statements speak only as at the date of this
document and the company does not undertake any obligation to
announce any revisions to such statements, except as required by
law or by any appropriate regulatory authority.
5 - Overall space was down 1.4% year-on-year at the end of the
fourth quarter with space in the UK down 5.9% year-on-year and
International space was up 0.9%.
6 - We will be announcing our Full Year Results on Thursday
18(th) May 2017.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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