Fast fashion retailer Quiz (QUIZ) has reported a 30 per cent rise in sales at its March year-end, although that looks rather anaemic set against the whopping 158 per cent improvement in online revenues. It followed an 87 per cent rise in the number of active, online customers to 370,000, and helped push underlying cash profits up by close to a quarter. That prompted a maiden dividend of 0.8p, although shareholders must still vote in favour of the inaugural payment at the group’s AGM in early September.
Next month, Quiz will celebrate its one-year anniversary as a listed company. Having raised £10.3m to clear debt and fund future ventures, it still had £9.2m of net cash in the bank at the end of the financial year. That will be put towards further expansion, particularly into international markets such as the US. Overseas sales grew by a third last year to £21.2m, while the first international online partnership with fashion website Zalando launched earlier this year.
Analysts at Panmure Gordon expect pre-tax profits of £12m for the year ending March 2019, giving EPS of 7.4p, up from £9.9m and 6.5p in FY2018.
| QUIZ (QUIZ) | ||||
| ORD PRICE: | 179p | MARKET VALUE: | £222m | |
| TOUCH: | 174-179p | 12-MONTH HIGH: | 204p | LOW: 125p |
| DIVIDEND YIELD: | 0.4% | PE RATIO: | 33 | |
| NET ASSET VALUE: | 34p | NET CASH: | £9.2m | |
| Year to 31 Mar | Turnover (£m) | Pre-tax profit (£m) | Earnings per share (p) | Dividend per share (p) |
| 2015* | 61.3 | 4.9 | na | na |
| 2016* | 69.3 | 5.7 | na | na |
| 2017 | 89.8 | 8.1 | 5.3 | nil |
| 2018 | 116 | 8.5 | 5.5 | 0.8 |
| % change | +30 | +5 | +3 | - |
| Ex-div: | tbc** | |||
| Payment: | 14 Sep | |||
| *Pre IPO figures **Dividend is still subject to vote at AGM on 5 Sep 2018 | ||||
