QUIZ PLC (GB:QUIZ) has released an update.
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QUIZ PLC, an omni-channel fashion brand, faced a challenging financial year ending March 31, 2024, with revenue dropping by 11% to £82.0 million and a loss before tax of £6.7 million, attributed to cost-of-living pressures affecting consumer demand. Despite the downturn, strategic efforts, including operational initiatives and a turnaround strategy led by new CEO Sheraz Ramzan, are being implemented to steer the company back to profitability. The company remains optimistic about leveraging its brand and omni-channel model to improve performance and achieve profitable growth in the medium term.
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