Ted Baker reports first half loss, sales drop

For the 28 weeks ended August 10, 2019, Ted Baker plc, said against the backdrop of very difficult trading conditions, group revenue decreased by 0.7 percent or 2.5 percent in constant currency to 303.8 million pounds (373 million dollars). Gross margin decreased to 54.3 percent, while loss before tax before exceptional Items and IFRS 16 was 2.7 million pounds (3.3 million dollars) compared to a profit of 25 million pounds in 2018 and loss before tax reached 23 million pounds (28.2 million dollars) against a profit of 24.5 million pounds in 2018. Adjusted loss per share was 4.5p compared to earning per share of 43.8p and basic loss per share was 46.1p against earnings per share of 42.8p in 2018.