Ted Baker Sales Rise 7.6% Over Holiday Trading Period
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.
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.
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