Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Ted Baker Sales Rise 7.6% Over Holiday Trading Period

Jan. 14 (Bloomberg) -- Ted Baker Plc, the U.K. clothing company that dressed James Bond actor Daniel Craig in “Casino Royale,” said sales rose 7.6 percent over the holiday period.

Trading in the eight weeks to Jan. 8 was affected by the snow before Christmas, the London-based company said in a Regulatory News Service statement today. Sales since then have been “particularly strong” in the U.K. and elsewhere.

Pretax profit for the fiscal year ending Jan. 29 will be in line with analyst expectations, the company said. Profit on that basis will be 24 million pounds ($38 million), according to the average estimate of nine analysts surveyed by Bloomberg. Ted Baker will report earnings on March 24.

The bad weather in December reduced sales by about 2 percentage points to 3 percentage points, Chief Financial Officer Lindsay Page said in an interview.

Ted Baker plans to open new stores in Paris, Hong Kong and Manchester in northwest England during 2011.

The shares fell 3 pence, or 0.5 percent, to 665 pence at 8:54 a.m. in London trading, paring the gain over the past year to 35 percent.

To contact the reporter on this story: Peter Woodifield in Edinburgh at pwoodifield@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.