Profits for Premium Retailer

Posted by Rob

January 14, 2008

With the recent swath of poor interim results hitting most of the high street retailers discussed here, it’s good to see a non-FTSE 100 retailer producing good figures.

In Ted We Trust

The motto found on the underside label on Ted Baker ties (and possibly other items of clothing) certainly seems to ring true for Ted Baker’s figures released today.

A trading statement released today shows a 12.5% increase in sales in the retail division for November 1 to December 24. 52 week Preliminary results up to January 26 are expected on Tuesday 18 March.

Stock in Ted Baker has risen 26 points today, raising the price to 505p, a 5.43% rise in value today.

These good results are against an overall negative trend in the retail sector. It appears premium merchandise has been able to retain it’s appeal despite increased consumer spending pressure in recent months.

The latest general consensus among top analysts is Outperform for TBK stock. This sentiment has held for the last three months, with increased strength off of good trading results in a difficult period for retailers.

A Look at the Chart

The chart shows Ted Baker’s performance against the FTSE 100 (turquoise line) over the past 5 years. The figures show a strong profit trend, with further potential upside.

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