Source - Alliance News

Mulberry Group PLC on Thursday said that its results have been pushed back by about a week, but reassured shareholders that the delay has not arisen as a result of any concerns.

The luxury goods company said its results for the year to April 1, due Thursday, have been pushed back by about a week.

The Somerset-based firm, famed for its handbags, said this will allow its auditors to have some additional time.

Mulberry emphasised that the revised date has not arisen due to any concerns relating to the results.

It also said it reiterates guidance given in a trading update in April. At the time, Mulberry said trading for the year ended April 1 was in line with expectations. Revenue is ‘slightly ahead’ of the £152.4 million achieved in financial 2022.

It noted that underlying profit, as expected, was weighted to the second half.

Mulberry shares were trading flat at 258.25 pence each in London on Thursday about midday.

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