EarningsH1 revenue declined by 15% and H1 EBITDA margin was 3.4%, which is below current estimates.
Sales PerformanceCore brands are facing ongoing declines in sales and profitability, limiting the potential for share price growth.
Youth BrandsYouth Brands, which make up over 80% of group revenue, are struggling due to over-investment in staff, stock, and infrastructure, leading to negative impacts on volumes.