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Mothercare to beat profits targets

13 April 2012

MOTHERCARE joined fashion group Next as one of the few retailers that expects to top City profit forecasts this year, after improved Christmas trading.

Like-for-like sales rose 6.5% in the eight weeks to 11 January. Mothercare did not cut prices in the run-up to Christmas and has improved product ranges and availability.

The company made a trading loss of £11m last year and, ahead of today's trading news, analysts had been expecting profits of about £14m for the year to end-March. The forecasts will be beaten if trading continues at current levels.

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