Pumpkin Patch sees unchanged profit in 2014 with risks to the downside; shares fall

Wed, 20 Nov 2013

By Paul McBeth Nov. 20 (BusinessDesk) - Pumpkin Patch, the children’s clothing retailer, expects annual earnings to be in line with 2013, and says it faces more downside risk for the remainder of the year. The shares fell. The retailer’s profit before reorganisation costs will be about $8.5 million in the year ending July 31, 2014, largely unchanged from a year earlier, chairwoman Jane Freeman told shareholders at today’s annual meeting in Auckland. The company will recognise a $1.5 million charge in the first half as it cuts staff, though...

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