Despite a decline in income, Sosandar has praised a year of solid strategic advancement and a return to profit. The womenswear company stated that it anticipates making at least US $ 0.66 million in pre-tax profit for the year ending March 31st, as opposed to a deficit of US $ 0.4 million for the previous 12 months.
As the brand continues to move away from price-related promotional activity, sales dropped from US $ 61.42 million to US $ 28.04 million.
February was weaker than expected, even though trading was strong overall in the fourth quarter of the period. But according to the firm, full-price sales in March were “pleasing,” and the trend continued into April.
Sosandar opened its first six stores during the year, including one in Bath and one in Harrogate, which opened in February.
“We achieved our goals this year, which included opening our first stores, reducing price promotional activity, and increasing margin and profit before taxes,” Sosandar stated.
“We are certain that we have reached a turning point in the year after meeting our strategic goals,” the company added.
“The board reaffirms its belief that the company will meet market expectations for the upcoming fiscal year, and we anticipate a return to sales growth in FY26. Additionally, the groundwork is in place for medium- to long-term expansion that is lucrative, cash-generative, and sustainable,” said the company.
