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The latest announcement is out from Hornby plc ( (GB:HRN) ).
Hornby Plc reported a strong performance in the third quarter of 2024, with group sales up by 7% compared to the same period last year, despite a challenging economic environment. The company achieved significant revenue and gross profit growth during Black Friday and Christmas, driven by an increase in first-time customers and direct-to-consumer sales. Margins improved to 48%, reflecting better pricing strategies and increased direct sales. Hornby continues to reduce inventory and net debt while focusing on core brands and operational improvements, underlining its successful turnaround efforts.
More about Hornby plc
Hornby Plc is an international models and collectibles group, primarily focusing on direct-to-consumer sales in the UK and other markets. The company is known for its iconic brands in the model railway and collectibles industry, and it is actively working on turnaround strategies to strengthen its market position.
YTD Price Performance: 10.87%
Average Trading Volume: 75,762
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £45.86M
For detailed information about HRN stock, go to TipRanks’ Stock Analysis page.
