22 May 2012 – AGM statement

At the time of the final results’ announcement in April, the company reported stronger sales than 2011 for the first 15 weeks of the year, but the appalling weather in April, which was the wettest since records began, has deterred buyers more recently.  As a result, revenue for the 20 weeks to 18 May was 5% behind the same period last year.  However, the forthcoming Olympics should be a boost to the group and we continue to rate the shares as a BUY.