MotherCare news and archive

Mothercare suspends shares due to delay in full year results

British retailer Mothercare has announced the temporary suspension of its shares on AIM as it awaits the publication of its audited full year results for the period to 30 March 2024. The company said that it was typically required to publish its audited results by 30 September 2024, however it was in the “final stages of entering into definitive...

Business

Mothercare posts H1 profit growth, revenues drop

For the first six months of this fiscal year, Mothercare plc said international retail sales reported by franchise partners of 137.2 million pounds, decreased 15 percent or 13 percent at constant currency. The company attributed the decline to difficult trading conditions in the Middle East, which is down 20 percent on last year, with continuing...

BusinessFeatured

Mothercare swings to FY loss, expects to complete refinancing 'shortly'

Maternity and childrenswear specialist Mothercare has reported a loss in its most recent financial year ended March 25. The group, which has undergone a major transformation in recent years, made a net loss of 0.1 million pounds compared to a profit of 12.1 million pounds the prior year. That came as group turnover dropped 11 percent to 73.1...

BusinessFeatured

Mothercare CEO steps down with immediate effect

Daniel Le Vesconte, the chief executive officer of parenting retailer Mothercare, has stepped down from his position with immediate effect, just five months after joining the company. Le Vesconte, who will also be stepping back from his position as a director of the board, was appointed in early 2023 after Mothercare had initiated an update to...

PeopleFeatured

Mothercare reports drop in profit, appoints new CEO

British maternity and childrenswear specialist Mothercare has named Daniel Le Vesconte as its new chief executive as its profits slumped in its most recent half-year results. The company’s profit narrowed to 0.4 million pounds in the six months to September 25, down from 3.6 million pounds a year earlier. That came as international retail sales...

BusinessFeatured

Mothercare swings to FY profit

British maternity and babywear retailer Mothercare is back in the black. In the 52 weeks to March 26, the company swung to a profit of 12.1 million pounds from a loss of 21.5 million pounds a year earlier. It comes after Mothercare put its UK business into administration in 2019, which saw it close all 79 of its stores and launch a “more...

BusinessFeatured

Mothercare expects FY EBITDA to be ahead of forecast

Mothercare said it expects its EBITDA for the year just ended to be ahead of previous forecasts, but warned that the closure of its Russian stores will impact the business going forward. In its pre-close trading update for the year ended March 26, the British maternity and babywear specialist reported net worldwide sales of 385 million pounds,...

BusinessFeatured

Mothercare pauses Russia operations, expects big sales hit

Mothercare has warned of a significant hit to its sales as it becomes the latest fashion retailer to put its Russian operations on hold. In a brief statement to the stock market on Wednesday, the British maternity and childrenswear retailer said its entire business in Russia, including shipment of all products, has been suspended. It said its...

BusinessFeatured

Mothercare swings to first-half profit

Mothercare has swung to a profit in the first half of the year despite a drop in turnover. In the 26 weeks to September 25, the British maternity and childrenswear specialist reported a profit before tax of 3.6 million pounds compared to a loss of 13.2 million pounds a year earlier. The company’s turnover in that period dropped 6 percent to 41.7...

BusinessFeatured

Mothercare reports widening full-year losses

Mothercare has reported widening losses and a drop in full-year turnover as the pandemic put a spanner in the works of the maternity and childrenswear specialist’s ongoing transformation strategy. For the year to March 27, the company’s statutory loss widened to 21.5 million pounds from 8.5 million pounds a year earlier, while its turnover fell...

Business

Mothercare expects 'small' full-year profit despite sales drop

Maternity and babywear specialist Mothercare said Tuesday it expects “a small” profit for the financial year, despite a 40 percent drop in sales. In a pre-closing trading update for the year ended March 27, the company said unaudited net worldwide sales dropped to 326 million pounds, compared to 542 million pounds a year earlier, as the pandemic...

Business

Mothercare reports H1 loss, secures 19.5 million pound loan

Mothercare has reported a 4.4 million pound adjusted loss before tax for the first half of the year compared to a profit of 4 million pounds last year. It comes as the maternity and childrenswear specialist nears the end of its major restructuring plan announced in November 2019. The company announced in its half-year results on Thursday that it...