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Released: 24/03/2009
com:20090324:RnsX3518P
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RNS Number : 3518P
Jessops plc
24 March 2009
24 March 2009
Jessops plc
Trading Update
At today's Annual General Meeting and prior to the period end on 29th March
2009, Chairman David Adams gave the following update:
When Jessops last reported on trading on 30th January 2009 like for like sales
for the 8 weeks to 25th January 2009 were up 3.8% (2008: down 1.4%) and for the
17 weeks ended 25th January 2009 were down 4.1% (2008: down 4.6%). Like for like
sales since 25th January 2009 have held up relatively well and were only down 1%
(2008: down 8.3%) giving like for like sales for the 24 weeks to 15th March 2009
now down only 3.5% (2008: down 5.5%).
Gross margin has also held up since Christmas and gross margin for the 22 weeks
to 1st March 2009 was 27.3% (2008: 30%), which is in line with the gross margin
for the 13 weeks to 28th December, 2008. This is a good performance as the
period since Christmas includes the sale.
Jessops continues to have good relationships with its suppliers and landlords
and discussions with HSBC are ongoing. Jessops does not normally comment on
press speculation but confirms that its rental commitments due this week will be
met.
For further information please contact:
Brunswick Tel: 020 7404 5959
Jonathan Glass
Claire Gore
This information is provided by RNS
The company news service from the London Stock Exchange
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