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Sandra Halliday Published
June 22, 2025
Anyone who tuned in to London Stock Exchange announcements on Thursday morning looking for Mulberry’s results would have been disappointed as the company announced that they've been delayed by around a week.
While some such delays can be a red flag, the British luxury company insisted that the results for the year to the start of April were only delayed “to allow the company's auditors some additional time to complete its procedures.”
At the same time, the board reiterated the guidance given in the trading update released on 20 April and said it “emphasises that the revised announcement date has not arisen as a result of any concerns relating to the FY23 Results”.
Back in April, the company had said “overall”, trading in the year “was in line with the board's expectations”, with group revenue “slightly ahead of last year and underlying group profitability, as usual, weighted to the second half”.
It saw “an improvement in retail revenue over the second half compared to the first half of the year, driven by a good performance in the UK and an improving environment in China over recent months, underpinned by our direct-to-customer model”.
Mulberry’s current market capitalisation is around £155 million with its shares trading at around £2.58 each. Just over a decade ago, the shares changed hands for almost £23 each.