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Matalan reports strong Q3 and Christmas trading
Yahoo Finance· 2026-01-20 15:17
Core Insights - Matalan reported a strong third-quarter and Christmas trading performance, with EBITDA rising 38% year-on-year to £27 million ($35.35 million) for the quarter ended 28 November 2025 [1] - The retailer achieved like-for-like (LFL) sales growth of 2% during the quarter, following a strong first half with EBITDA up 53% to £61 million for the financial year to date [1] - Online trading was a significant contributor, with LFL digital sales increasing by 11% in Q3 [1] Financial Performance - The retailer's EBITDA for the third quarter reached £27 million, reflecting a 38% increase year-on-year [1] - For the financial year to date, EBITDA has increased by 53% to £61 million [1] - During the nine-week Christmas trading period ending 2 January 2026, LFL sales increased by 1% [3] Sales and Market Position - Matalan's store sales remained stable, with refurbished locations achieving sales 12% ahead of the wider estate [3] - The company gained market share in both womenswear and menswear, outperforming the wider market from October to December [4] - Key categories for positive performance included women's outerwear and men's formalwear and sportswear [3][4] Strategic Initiatives - Matalan's executive chair highlighted the importance of sustained investment in digital capabilities, including a new native app and a refreshed loyalty scheme [2] - The company plans to refurbish an additional 40 stores in the next financial year [3] - Henrik Nordvall is set to assume the role of CEO on 2 February 2026, following his appointment last October [4]