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QUIZ revenues boosted by “outstanding online momentum”

The AIM-listed fast fashion brand said for the year ended 31 March 2018, its revenue increased 30% to £116.4mln from £89.8mln a year ago
Quiz clothing store
Group’s online revenue soared 158% to £30.6mln from £11.9mln

QUIZ PLC (LON:QUIZ) has reported 30% increase in revenue as the company said “strong omni-channel growth was driven by international and outstanding online momentum.”

The AIM-listed fast fashion brand said for the year ended 31 March 2018, its revenue increased 30% to £116.4mln from £89.8mln a year ago.

READ: QUIZ gets it right as fast fashion chain’s revenues meet City expectations

Group’s online revenue soared 158% to £30.6mln from £11.9mln, while active online customer base increased 87% to 370,00.

Quiz said its underlying international sales increased 32% to £21.2mln from £16mln. Revenue from UK stores and concessions increased 12% to £64.6mln from £57.5mln a year ago.

The fast fashion brand said it has proposed maiden dividend of 0.8p per share in respect of the second half of financial year 2018.

Quiz added that successful placing on AIM in July 2017 raised £10.3mln of new money for the business to help fund further expansion.

Tarak Ramzan, founder and chief executive of the company, said: “With our attractive customer offer, well-invested infrastructure and omni-channel business model with the flexibility to increase investment in higher return areas, QUIZ is well positioned to deliver strong growth in the year ahead in-line with the Board’s expectations.” 

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