Mothercare MTC Senior management seems not to understand one of the basic facts of life about the UK, namely that it does not have a climate, it has weather and for much of the year its weather is unseasonable, thoughtlessly providing mini heat waves in February, snow in May and year round excuses for management’s failures.
So MTC goes unthinkingly into the excuses drawer and plucks out unseasonable weather as having impacted it during the quarter to 9th July, when UK sales fell by 2.1% although on a like for like basis they rose by 1.2% after allowing for closures. International sales in actual currencies rose by 5.1% and worldwide sales by 2.7%, after an increase of 2.3% in space. As for the future, MTC says that its vision is clear, except of course when it is foggy in summer.
Supergroup SGP is paying a a final special dividend of 20p per share, on top of the full ordinary dividend of 23.2p after a year of significant progress in which revenue rose by 21%, underlying profit before tax by 16.3% and basic earnings per share by 21.8%. The company exudes with confidence for the future.
Dart DTG is increasing its final dividend from 2.25p. per share to 3.10p making an increase for the full year of 33%. Profiut before tax soared by 159%, basic earnings per share by 169% and group operating profit by 216%