Sosandar Reports Margin Growth and New Store Expansion

Sosandar PLC ( (GB:SOS) ) has shared an update.

Sosandar PLC reported a significant improvement in its gross margin for the quarter ended December 31, 2024, as a result of prioritizing margin and profitability over revenue growth. The company’s transition towards a multi-channel retailer is progressing, supported by strong performance from its retail stores and successful sales through third-party partners. Additionally, Sosandar has announced the signing of new lease agreements for stores in Bath and Harrogate, expanding its physical retail presence. This strategic move aligns with their growth objectives amidst a challenging macroeconomic environment, with the company maintaining its market expectations for the year.

More about Sosandar PLC

Sosandar PLC is a UK-based women’s fashion brand that targets style-conscious women by offering affordable, trendy, and quality clothing. Founded in 2016 and listed on AIM in 2017, the company provides a wide range of fashion-forward products through its own label, designed and tested in-house. Sosandar operates both direct-to-consumer via Sosandar.com and its own stores, and through partnerships with prominent retailers like NEXT and Marks & Spencer.

YTD Price Performance: -24.24%

Average Trading Volume: 483,418

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £15.51M

For detailed information about SOS stock, go to TipRanks’ Stock Analysis page.