CMO Group PLC (GB:CMO) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
CMO Group PLC, the UK’s largest online-only building materials retailer, faced a challenging market in 2023 with a significant 14% drop in revenue to £71.5m, attributed to adverse weather and economic pressures. Despite the tough conditions, the company’s SUPERSTORES gained market share, and 65% of orders came from repeat customers. The Group remains optimistic with signs of market improvement, a more efficient business post-strategic initiatives, and a focus on profitability and customer service.
For further insights into GB:CMO stock, check out TipRanks’ Stock Analysis page.