Analyst views | What did you make of mothercare’s first quarter results?

 
Kasmira Jefford
Follow Kasmira

KEITH BOWMAN HARGREAVES LANSDOWN

The outlook for the company remains highly uncertain. The UK business is already battling significant competition, while the track record for UK retailers overseas is decidedly mixed. In all, despite a doubling in the share price over the last year, analyst opinion remains sceptical in tone, pointing towards a weak hold.

ANDREW WADE NUMIS

Mothercare performed in line with forecasts in the first quarter, notwithstanding the tough demand and promotional backdrop. The UK clothing business appears increasingly resilient, while the durables segment continues to improve its competitive position.

JOHN STEVENSON PEEL HUNT

Mothercare has clearly made excellent progress in certain areas, notably apparel. Its customer service measure continued to improve...This should be a precursor to stronger sales performance, although we remain concerned over longer-term margin investment required to be competitive in the travel and toy markets.