For investors, the question over Moss Bros (MOSB) is where do industry challenges end and in-house problems begin? The group – which has warned over profits twice since the start of the year – has seen like-for-like retail sales decline significantly over the first eight weeks of the new financial year. Supplier issues and stock shortages have taken a toll, although even the most sympathetic industry analysts would deem these factors wholly avoidable. The retailer expects to resolve the stock shortages by late spring, but results for the January 2019 year-end will be “materially lower” than expected.
IC TIP:
Hold
at
46.5p