Full year pre-tax profits at Quiz have declined by 97% to £0.2 million after what it has described as ‘volatile trading conditions’.
Group revenue has climbed by 12% to £130.8 million in the year to March 31st. Online sales have increased by 34%, amounting to a total of 31.4% of revenue.
UK stores and concession sales rose by 4% to £66.9 million, whilst international sales climbed by 8%.
Tarak Ramzan, founder and chief executive of Quiz, said: “Despite the challenges faced by the group during the period, Quiz’s focus has remained as strong as ever on delivering great products at outstanding value, thereby strengthening our brand’s positive reputation amongst a growing customer base. As a result, we have continued to achieve sales growth across our omnichannel model both in the UK and internationally.”
