Shares in N Brown PLC (LON:BWNG) rose 10% in early trade after the catalogue retailer weighed in with a solid third-quarter trading performance and updated on profit margins.
Group revenue rose 4.1%, with Christmas trading driven by record cyber fortnight ahead of the festive season.
The company, which focuses on plus-sized customers with its Jacamo and Simply Be brands, said full-year gross margins would fall around one percentage point.
Ahead of the update, the City had been guided that the drop would be in the range of 0.5-1.5%.
N Brown said it is on track to meet full-year profit expectations.
Drilling down into the numbers for the 18 weeks to December 31, online sales were up 12% and they now account for 70% of total revenue.
Mobile devices made up 72% of traffic and conversion on mobile devices continues to improve, the company said.
“We are benefitting from improved trading agility as a result of the transformational changes we have made,” said chief executive Angela Spindler.
“This was reinforced by our performance across cyber fortnight which resulted in two record-breaking weeks for the business. In light of our trading performance, as we approach the year-end, we are comfortable with current market expectations.”
At 8.20am, the shares were up 19.6p at 222.8p.