Much like a pair of low cost Slazenger socks, Metropolis analysts assume that Frasers Group will maintain up effectively for a couple of months, though they’re frightened that holes would possibly begin to seem quickly after that.
The Sports activities Direct proprietor is about to publish its half-year outcomes tomorrow and Peel Hunt, the dealer, is backing the corporate to beat forecasts. Peel’s analysts have raised their pre-tax revenue predictions for Frasers’ yr, which runs till the top of April, by 45 per cent to £179.eight million.
“With the UK population taking more exercise, or sitting tracksuited at home, demand for athleisure has been very strong in general,” Jonathan Pritchard, a retail analyst on the dealer, mentioned. “This can be mirrored in a stellar first half for Sports activities