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Gear4music (Holdings) ( (GB:G4M) ) has provided an update.
Gear4music reported a 6% increase in revenue during the peak trading period ending December 31, 2024, aligning with board expectations despite a challenging consumer market. The company achieved a strong gross margin of 28.1% and improved gross profit, reflecting the effectiveness of its growth strategy. With revenues concentrated in the three weeks before Christmas due to a late Black Friday, the company is optimistic about continued profitable growth in FY26.
More about Gear4music (Holdings)
Gear4music (Holdings) plc is the largest online retailer of musical instruments and music equipment in the UK. It offers a range of own-brand and premium third-party musical products from brands like Fender, Yamaha, and Roland. The company caters to a diverse customer base, from beginners to professionals, and operates from a headquarters in York with distribution centers and showrooms across Europe and the UK.
YTD Price Performance: -11.94%
Average Trading Volume: 28,216
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £30.94M
See more insights into G4M stock on TipRanks’ Stock Analysis page.
