Agenda: Asda, Mothercare and Burberry update the market

Gear4Music

The online musical instrument firm will unveil full-year results on Tuesday, May 15.

For its first three years as a listed company, it played to the City’s tune.

The fast-growing firm celebrated a melodious performance this time last year when EBITDA crescendoed 115% to £3.6m and sales sped up 58% to £56m.

With its distributions centres in Sweden and Germany now operational for over a year, Gear4Music is expected to once again strike a positive note.

Burberry

The luxury fashion retailer will unveil its preliminary results on Wednesday.

The retailer has shaken up its board in recent months with the appointments of Givenchy’s Riccardo Tisci, to succeed former chief creative officer Christopher Bailey, and ex-Kingfisher executive Gerry Murphy as chairman.

Burberry will hope to continue momentum follow its rise in interim sales and profits last November.

Mothercare

The beleagured specialist retailer will post its full-year results on Thursday.

The retailer has had a turbulent start to 2018 with a profit warning in January and a possible CVA and exit of chief executive Mark Newton-Jones and chairman Alan Parker in April.

The children’s retailer posted widening losses at the interim mark last November.

Asda

The supermarket giant’s US owner Walmart unveils first-quarter results on Thursday.

Asda has started to turn the corner under former boss Sean Clarke and new chief executive Roger Burnley, notching up three consecutive quarters of sales growth.

The retailer stunned the market at the end of April after lifting the lid on plans to merge with rival Sainsbury’s in a £13bn deal – a shock move that will place its next figures under an even keener microscope.

Carpetright

“On or around” Friday, May 18, the struggling carpets specialist is expected to face its final hurdle before getting the all-clear for its proposed company voluntary arrangement (CVA).

It has already received the stamp of approval from creditors and shareholders, but the store closure plan, which includes shutting 92 stores and axing around 300 jobs, is still dependent on a successful equity capital raising of up to £60m.