N Brown Group plc announced revenue results for the eighteen week period to 6 January 2018. For the period, group revenue was increased by 3.2%, product revenue was increased by 2.7%.

For the full year of fiscal 2018, the company expects product gross margin guidance is now -225bps to -250bps, from -70bps to -120bps previously. This is predominantly due to higher promotional activity. Financial Services gross margin guidance is now +500bps to +550bps, from +100bps to +200bps previously. This is a result of a further improvement in the quality of the customer loan book, together with several initiatives improving customer proposition launched during the year. Depreciation & Amortisation c.£29 million, from £29 million to £30 million previously. Tax rate c.23%, from c.22% previously. The company expects capex c.£40 million.