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The Group announces today that trading since the last update in September 2020 is ahead of the Board’s expectations. Given this, the Board’s estimate of the results for the six months to 29 November 2020 is profit before tax of not less than £80 million (2019: £58.6 million)
This has been driven by healthy growth in our online and trade channels. Our retail channel is still recovering from the COVID-19 closures both currently (170 stores) as well as earlier in 2020. The factory and warehouses are still in operation under COVID Secure measures.
The Board recognises that this performance is better than the prior year but is also aware that it is still early in the financial year. A further update will be given as appropriate.