Mothercare plc (GB:MTC) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Mothercare plc reports a 13% drop in net worldwide retail sales to £281 million for FY24, with a slight improvement in adjusted EBITDA to £6.7 million, aligning with market expectations. Despite ongoing global economic challenges and inventory issues from the pandemic, the company’s focus remains on supporting franchise partners and leveraging the Mothercare brand. The company is also in talks to renegotiate its loan facility due to high-interest rates and the need for covenant waivers.
For further insights into GB:MTC stock, check out TipRanks’ Stock Analysis page.