Interim Management Statement (3810Z)
January 13 2011 - 2:00AM
UK Regulatory
TIDMLMR
RNS Number : 3810Z
Luminar Group Holdings PLC
13 January 2011
Luminar Group Holdings plc
Interim Management Statement
Luminar Group Holdings plc (the "Group") announces its Interim
Management Statement for trading to 6th January 2011. The Group
also provides a trading update for the 12 weeks from 15th October
2010 to 6th January 2011.
Before and after the extreme weather conditions experienced
throughout the country in the lead up to Christmas, the Group saw a
reduction in the decline in sales from the level reported in its
interim announcement in October 2010.
Excluding those weeks affected by the weather, same outlet sales
for the 12 weeks to 6 January 2011 fell by 13.6% (compared to 16.9%
for the 7 weeks to 14 October). Over the trading weeks of Christmas
and New Year same outlet sales were ahead of anticipated levels and
forecast. Including those weeks affected by weather same outlet
sales for the 12 weeks to 6 January 2011 fell by 19.4%. Overall,
same outlet sales for the 45 weeks to 6 January 2011 fell by
19.6%.
As expected, gross margin has been slightly lower reflecting the
introduction of premium brands into the business. Customer reaction
has been positive to the introduction of various initiatives
including premium brands, cocktails and live entertainment.
As previously announced the Group refinanced its debt in
December 2010.
The Group continues to manage cash closely and is investing in
its estate selectively, targeting incremental revenue generating
opportunities.
13 January 2011
Enquiries:
Luminar Group Holdings plc Tel: 01908 544100
Simon Douglas, Chief Executive
Philip Bowcock, Finance Director
College Hill Tel: 020 7457 2020
Matthew Smallwood
Jamie Ramsay
This information is provided by RNS
The company news service from the London Stock Exchange
END
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