Ted Baker Announces Interim Management Statement for the Period from August 10, 2014 to November 8, 2014; Provides Sales Guidance for the Full Year of 2014 and Gross Margin Guidance for the Second Half of 2014
The company expects gross margins for the second half as a whole to be slightly below last year, largely due to a change in the mix of sales as seen in the first half.
The company anticipated Group wholesale sales for the full year to be around 20% ahead of last year on a reported basis.