UK clothing retailer Quiz (QUIZ.L) said on Tuesday its annual revenue would be about 6%-8% lower than market estimates, citing weaker-than-expected Black Friday sales and tepid consumer demand amid a cost-of-living squeeze.
For the year ended March 31, 2024, analysts on average expect the group to post revenues of 86.4 million pounds ($109.00 million), according a company-compiled consensus.
The firm, which specializes in occasion and casual party wear, said it has decided to launch a strategic review of the business led by non-Executive Chairman Peter Cowgill, who was ousted from sportswear giant JD Sports (JD.L) in 2022.
($1 = 0.7926 pounds)
Reporting by Eva Mathews in Bengaluru; Editing by Rashmi Aich
