Direct-to-consumer mattress brand EveSleep has raised its expectations for the full year, after successive months of growth.
Eve Sleep announced in a trading update covering the eight months to August 31 that it now expects revenues to amount to £22m for the year.
The mattress retailer has experienced “strong” trading throughout May, June and July, with momentum expected to continue for the rest of the year.
It is on course to exceed board expectations, with EBITDA losses to “fall commensurately” from the original £3m prediction. This would be a vast improvement on the losses in 2019, which came to £10.9m.
Chief executive Cheryl Calverley said: “This guidance upgrade is evidence of our momentum and the success of our rebuild strategy, against a backdrop of a consumer landscape shifting to online and market trends in favour of homewares and sleep wellness.
“Whilst economic uncertainty is likely to remain for some time, we are starting to look beyond our rebuild strategy to the next stage of growth.”
EveSleep will publish its interim results on September 15.
No comments yet