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Nigel TAYLOR Published
October 19,黑帽SEO快排隧道 2025
With work under way “to build a stronger more modern Matalan” the UK value fashion/homewares retailer is off to a good start in parts of its business, although there’s still room for improvement.
Revenues for Q2, the 13 weeks ended 26 August, have shown a modest gain while earnings for the period were nicely ahead.
Still-new chief executive Jo Whitfield called its performance “strong”, given the backdrop of a challenging and volatile retail environment.
While total revenue for the period only edged up a tiny 0.8% to £288.6 million, operating profit (EBITDA) improved 8.7% to £25.1 million (under IAS 17). Meanwhile, unrestricted cash stood at £130 million, up from £101.6 million a year ago.
That’s certainly an improvement on Q1 when the retailer had reported an 8% fall in total revenue to £263.6 million and EBITDA, restated under IAS 17, was up only 0.8% at £2.1 million.
But the quarter was marked by a 34.7% drop in online revenue and the company is taking action to address this.
The weather that was an issue for some retailers helped Matalan in parts this quarter. It boosted summer items in June as the weather was sunny, although July was tougher when the weather turned cooler. But the poor weather in August meant early autumn product started to sell well.
Whitfield said that in Q2, “shoppers continue to feel the impact of the cost-of-living crisis, spending less often and being more considered with their purchases, while retailers also faced unseasonable weather patterns.
“We improved our profitability year on year, driven by a solid sales performance, tight control of markdown, effective cost management and positive movements in input prices.
“She added: “We are focused on initiatives that will open up material growth opportunities in the years ahead, while working at speed to deliver better choice, value and experience for our loyal customers.”