Fashion retailer Quiz issues second profit warning

Fashion retailer Quiz has seen its share price fall by more than 29% this morning after issuing its second profit warning in three months.

Following a “challenging” Christmas period, Quiz said it expected profits of £8.2m for the year to March 2019 – down from the £11.5m it predicted in October. Forecast revenue is also down, from £138m to £133m.

At the time of writing, Quiz’s share price was down 29.3% to 25.1p, mirroring the 25% drop it experienced after its October profit warning.

The company said the retail environment had been challenging in recent months,