Pumpkin Patch sees drop in 2016 earnings, citing challenging markets; shares drop

Thu, 02 Jul 2015

By Tina Morrison July 3 (BusinessDesk) - Pumpkin Patch, the ailing children's clothing retailer, expects earnings next year will be "significantly below" this year amid increasingly challenging international wholesale markets and adverse forecast currency impacts. The Auckland-based company affirmed expectations for normalised earnings before interest, tax, depreciation and amortisation to be about $14 million in the year ending July 31, in line with earnings a year earlier, which it said would lead to a "modest" after-tax loss. Howeve...

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