Clothing & Shoes

Matalan expects profits to improve despite drop in revenues

Matalan currently operates 230 stores in the UK as well as 48 overseas franchises.

Matalan has revealed it expects its FY24 EBITDA of £60m-£65m, up from £30.6m in FY23, despite seeing its revenues fall in the 13 weeks to 27 May 2023 fall 8% to £263.6m.

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