Mothercare issued a fairly downbeat full-year update on Thursday with the parent-and child retailer saying the 52 weeks to 29 March saw falling sales.
The comparison period was a 53-week one with unaudited worldwide retail sales by franchise partners of £231 million for the latest year, a decline of 18%. In constant currency and based on a 52-week comparison sales were still down 14% “with the decline largely resulting from the unchanged trading conditions in our Middle Eastern markets”.
Adjusted EBITDA for FY25 was approximately £3.5 million, in line with market expectations, but on the plus side, net borrowings of £3.7 million…
