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Mulberry ( (GB:MUL) ) just unveiled an update.
Mulberry Group plc reported a strong first half of the financial year, driven by its ‘Back to the Mulberry Spirit’ strategy, which focuses on full-price sales and cost management. Despite a 4% decline in group revenue to £53.9 million, the company improved its gross margin to 69% and reduced its pre-tax loss by more than half to £6.9 million. The company is optimistic about the festive trading period, supported by new product launches and a Christmas campaign. Mulberry is also enhancing its store network and digital platforms, aiming for sustainable profit and cash generation.
The most recent analyst rating on (GB:MUL) stock is a Hold with a £93.00 price target. To see the full list of analyst forecasts on Mulberry stock, see the GB:MUL Stock Forecast page.
Spark’s Take on GB:MUL Stock
According to Spark, TipRanks’ AI Analyst, GB:MUL is a Neutral.
Mulberry’s overall stock score is primarily impacted by its weak financial performance and unattractive valuation. The company’s high leverage and negative profitability margins pose significant risks. Technical analysis provides mixed signals, offering no clear direction. Strategic improvements are necessary for future stability and growth.
To see Spark’s full report on GB:MUL stock, click here.
More about Mulberry
Mulberry Group plc is a British luxury brand known for its high-end fashion products, particularly leather goods. The company focuses on maintaining its status as a global luxury brand and is committed to expanding its international retail presence. Mulberry aims to reconnect with customers through refreshed product offerings and creative direction, while also emphasizing operational flexibility and efficiency.
Average Trading Volume: 3,165
Technical Sentiment Signal: Strong Sell
Current Market Cap: £64.9M
See more insights into MUL stock on TipRanks’ Stock Analysis page.