Baby goods retailer Mothercare said today that profits for the full year were likely to be in line with expectations after third-quarter sales rose 4.2%.
The UK-based firm, which has around 1,000 shops worldwide including 17 in Ireland, weathered the economic downturn with a performance that included a UK like-for-like sales jump of 1.1% for the 13 weeks to January 9.
'The winter sale is progressing well and we enter the new season with a clean stock position. Our balance sheet and cash flow remain strong and the group is debt free and cash positive,' CEO Ben Gordon said in a statement.
International sales climbed nearly 50% in the third quarter, and more than 40% during the year to date. UK like-for-like sales were up 0.9% over the longer period.
