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Quiz revenues grow 109% as demand for occasionwear returns

Source: Mintel 08-12-2021

For the six month period, Quiz has seen its revenues jump 109% to £36 million while underlying operating losses totalled £1.3 million, down from £5.5 million a year before. The retailer returned to profit with ebitda increased to £0.7 million against a £3.3 million loss a year before.

Tarak Ramzan, founder and chief executive officer of the company, said: “Quiz has delivered an encouraging set of results during the period with strong cash flows generated and a return to positive EBITDA. The removal of the social restrictions resulted in a substantial uplift in revenues in the period, as customer demand for the brand’s dressy and occasion wear returned.”

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