MULBERRY GROUP PLC ORD GBP0.05
Symbol: MUL
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Company
Business Summary
Mulberry Group plc is a United Kingdom-based sustainable luxury brand. The Company sources, designs and manufactures leather goods, including bag ranges and other lifestyle accessories, which it sells direct-to-customer across approximately 190 countries through its integrated digital channels and store network. In other territories, the Company works with selected local partners to deliver its products to customers. It designs, manufactures and manages the Mulberry brand. It has two factories in Somerset, over 100 stores and a digital flagship. Its product categories include women, men, gifts and pre-loved. Its products include bags, icons, mini and micro bags, small leather goods, accessories, travel, home, ready-to-wear, shoes and gifts. Its women's bag category products include icons, shoulder bags, satchels, totes, clutches, mini and micro bags, and backpacks. The Company's men's accessories category products include scarves, hats and gloves, ties and cufflinks, and sunglasses.
Financial Summary
BRIEF: For the 26 weeks ended 30 September 2023, Mulberry Group PLC revenues increased 7% to £69.7M. Net loss increased from £2.7M to £12.3M. Revenues reflect Omni channel segment increase of 16% to £59.7M, Comparable Store Sales (Growth- %), Int increase from -3 to 79%, Retail Sales- International increase of 93% to £5.4M, Online Sales increase of 19% to £12.8M. Higher net loss reflects Merchandise Margins, Total - % decrease of 3% to 69%.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
01/04/2023 |
02/04/2022 |
27/03/2021 |
28/03/2020 |
30/03/2019 |
31/03/2018 |
---|---|---|---|---|---|---|
Total Revenue | 159.13 | 152.41 | 114.95 | 149.32 | 166.27 | 169.72 |
Gross profit | 113.25 | 109.31 | 73.07 | 91.12 | 102.28 | 107.72 |
Operating Profit/Loss | 16.97 | 24.65 | 8.78 | -43.02 | -4.98 | 6.74 |
Profit Before Tax | 13.15 | 21.33 | 4.55 | -47.87 | -5.01 | 6.92 |
Profit After Tax | 11.40 | 19.17 | 4.60 | -46.87 | -4.85 | 4.91 |
Equity Holders of Parent Company | 13.24 | 19.99 | 4.77 | -44.14 | -2.48 | 6.39 |
Minority Interest | -4.60 | -3.65 | -3.39 | -1.09 | 0.95 | 2.23 |
Balance Sheet - All values are in GBP (M).
Year Ending |
01/04/2023 |
02/04/2022 |
27/03/2021 |
28/03/2020 |
30/03/2019 |
31/03/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 84.23 | 55.38 | 63.45 | 79.25 | 41.58 | 34.42 |
Total Current Assets | 75.02 | 78.38 | 56.43 | 54.35 | 67.59 | 84.91 |
Total Assets | 159.25 | 133.76 | 119.88 | 133.60 | 109.17 | 119.34 |
Total Liabilities | 112.49 | 96.01 | 101.18 | 120.07 | 28.46 | 31.09 |
Total Net Assets | 46.77 | 37.75 | 18.71 | 13.52 | 80.71 | 88.24 |
Shareholders Funds | 53.21 | 42.21 | 22.27 | 17.34 | 82.13 | 87.50 |
Minority Interests | -4.60 | -3.65 | -3.39 | -1.09 | 0.95 | 2.23 |
Total Equity | 46.77 | 37.75 | 18.71 | 13.52 | 80.71 | 88.24 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy0 |
Buy0 |
Neutral1 |
Sell0 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 0 | 0 | 1 | 0 | 0 |
Consensus |
ConsensusNeutral |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2024 | 2025 |
---|---|---|
Revenue | £0.00mn | £0.00mn |
Pre-tax-Profit | £0.00mn | £0.00mn |
EPS | £0.11p | £0.19p |
EPS Growth | 91.38% | 72.07% |
P/E | 10.14 | 5.89 |
PEG Ratio | 0.11 | 0.08 |
Dividend | 0.00p | 0.00p |
Yield | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
21st Apr 2023 | Barclays | Reiteration | 240p | 0p | 275p | Equal-weight |
5th Jan 2023 | Barclays | Reiteration | 230p | 340p | 275p | Equal-weight |
1st Dec 2022 | Barclays | Reiteration | 250p | 340p | 340p | Equal-weight |
30th Nov 2022 | Shore Capital | Reiteration | 262p | 0p | 0p | Not Rated |
30th Jun 2022 | Barclays | Reiteration | 305p | 357p | 340p | Equal-weight |
29th Jun 2022 | Shore Capital | Reiteration | 300p | 0p | 0p | Not Rated |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
25 Apr 2024 | 09:08 | 115 | 1 | Buy |
25 Apr 2024 | 08:03 | 101 | 200 | Sell |
25 Apr 2024 | 08:03 | 101 | 200 | Sell |
24 Apr 2024 | 08:25 | 115 | 1 | Buy |
24 Apr 2024 | 08:00 | 100 | 40 | Sell |
24 Apr 2024 | 08:00 | 115 | 1 | Buy |
24 Apr 2024 | 08:00 | 100 | 1 | Sell |
23 Apr 2024 | 16:15 | 115 | 1 | Buy |
23 Apr 2024 | 13:45 | 112.75 | 505 | Buy |
23 Apr 2024 | 13:04 | 115 | 10 | Buy |
23 Apr 2024 | 12:33 | 114 | 185 | Buy |
23 Apr 2024 | 11:27 | 115 | 1 | Buy |
23 Apr 2024 | 09:31 | 101.2 | 1,009 | Sell |
23 Apr 2024 | 08:00 | 115 | 1 | Buy |
Selected data supplied by Thomson Reuters © View restrictions.