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EDISON INVESTMENT RESEARCH LIMITED Edison Investment Research Limited: Edison issues flash on Studio Retail Group (STU)

Directive transparence : information réglementée

24/06/2020 13:19

Edison Investment Research Limited
Edison Investment Research Limited: Edison issues flash on Studio Retail Group (STU)

24-Jun-2020 / 12:19 GMT/BST


 

London, UK, 24 June 2020

Edison issues flash on Studio Retail Group (STU)

Studio's online and value-based offer produced strong trading during lockdown, with 55% y-o-y product sales growth in the first 11 weeks, which compares very favourably with its online peers. It looks well placed, with tight stock management, as the high street re-commences trading, which is likely to be very competitive. Due to the ongoing uncertainty from COVID-19 and the timing of the Education sale, management is unable to provide guidance for FY21e.

 

 

Due to the ongoing uncertainty from COVID-19, management is still unable to provide guidance for FY21. The results for FY20 will likely be published in the second half of August. 


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About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information please contact Edison:

Russell Pointon, +44 (0)20 3077 5700

 

consumer@edisongroup.com

 

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End of Announcement - EQS News Service

1077691  24-Jun-2020 

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