Mothercare Sales Slide as Middle East Turmoil and Boots Exit Hit Earnings

Mothercare ( (GB:MTC) ) has provided an announcement.

Mothercare reported a sharp slowdown for the year to 28 March 2026, with unaudited worldwide retail sales by franchise partners down 22% to £180 million and adjusted EBITDA falling to about £1.25 million, while net borrowings rose to £5.7 million and the pension deficit remained broadly unchanged. Management cited the end of its exclusive distribution relationship with Boots, foreign exchange pressures, and geopolitical disruption in the Middle East, but stressed resilient performance elsewhere, recent refinancing that extends breathing space, and ongoing talks with potential partners to unlock more value from its brand and restore scale for the benefit of stakeholders.

The most recent analyst rating on (GB:MTC) stock is a Buy with a £4.50 price target. To see the full list of analyst forecasts on Mothercare stock, see the GB:MTC Stock Forecast page.

Spark’s Take on MTC Stock

According to Spark, TipRanks’ AI Analyst, MTC is a Neutral.

The score is driven primarily by weak financial performance (negative equity, negative operating/free cash flows, and declining revenue). Technicals add further pressure with a clear downtrend versus all key moving averages, while valuation is constrained by a negative P/E and no dividend yield data.

To see Spark’s full report on MTC stock, click here.

More about Mothercare

Mothercare is a specialist global brand focused on products for parents and young children, operating primarily through an asset-light franchise model. The company targets international markets, with a notable presence in the Middle East and a strategy to rebuild critical mass, including finding a new UK partner after the end of an exclusive distribution arrangement.

Average Trading Volume: 584,029

Technical Sentiment Signal: Sell

Current Market Cap: £7.91M

See more insights into MTC stock on TipRanks’ Stock Analysis page.