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Quiz plc – “Retail Store Portfolio and Trading Update”, ‘encouraged’?

By Steve Moore | Wednesday 9 September 2020

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Fashion retailer Quiz plc (QUIZ) has updated including it “is encouraged by the consistent improvement in like-for-like sales in recent weeks” and “rental terms for the reopened stores are consistent with those targeted by the group. They provide a flexible cost base going forward with rents payable predominantly based upon revenues generated rather than previous higher fixed rental arrangements. The average lease length on these stores is 24 months” – and the shares have currently responded to 8p, more than 7% higher…

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