Struggling kidswear retailer Pumpkin Patch has affirmed its earnings will be significantly lower than that of 2015. The company announced ebitda earnings for the year ended 31 July are expected to be within the range of $2.8 million to $3.4 million, with the retailer calling it a “pleasing second half performance”. However, there is still talk of restructuring and more flexibility being sought.
Floundering Kiwi childrenswear retailer Pumpkin Patch has delivered a worse loss than it previously indicated in its latest financial results announcement, but it’s not giving up yet. It has reduced net bank debt by approx $20 million in the past year and has secured banking facilities until the end of 2017.