The French company Maisons Du Monde raises its outlook for fiscal year 21 despite a moderate Q3

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In the third quarter (Q3), sales of Maisons Du Monde, a French furniture and interior design company, fell slightly by 1.3% to 317.3 million euros compared to the same period of the year previous. However, with strong cumulative sales in the first nine months of FY21, the company has raised its annual forecast and expects revenue growth in the mid-teens compared to the previous estimate of a digit raised to a single digit.

In the third quarter (Q3), sales of Maisons Du Monde, a French furniture and interior design company, fell slightly by 1.3% to 317.3 million euros compared to the same period of the year previous. However, with strong cumulative sales in the first nine months of FY21, the company has raised its guidance for FY21 and expects revenue growth in the mid-teens by compared to previous estimates.

“We are satisfied with our nine month performance, which demonstrates our ability to navigate a volatile environment and execute our growth program. As expected, the third quarter reflected more normalized activity in our categories after a very strong third quarter last year ”, Julie Walbaum, Managing Director of Maisons du Monde, said in a statement.

In the third quarter (Q3), sales of Maisons Du Monde, a French furniture and interior design company, fell slightly by 1.3% to 317.3 million euros compared to the same period of the year previous. However, with strong cumulative sales in the first nine months of FY21, the company has raised its guidance for FY21 and expects revenue growth in the mid-teens by compared to previous estimates.

In the third quarter ended September 30, 2021, online sales decreased 2.1% to 88.7 million euros (90.6 million euros), or 28% of total sales. Activity in France was strong with increases in orders and traffic of 35% and 37% respectively.

In the third quarter (Q3), sales of Maisons Du Monde, a French furniture and interior design company, fell slightly by 1.3% to 317.3 million euros compared to the same period of the year previous. However, with strong cumulative sales in the first nine months of FY21, the company has raised its guidance for FY21 and expects revenue growth in the mid-teens by compared to previous estimates.

Company-owned stores also recorded a slight decrease in sales of 0.9% to 228.5 million euros (230.7 million euros). Store sales in France fell 5.7% to € 122 million, or 53% of total store sales, while international store sales rose 5% to € 107 million.

In the third quarter (Q3), sales of Maisons Du Monde, a French furniture and interior design company, fell slightly by 1.3% to 317.3 million euros compared to the same period of the year previous. However, with strong cumulative sales in the first nine months of FY21, the company has raised its guidance for FY21 and expects revenue growth in the mid-teens by compared to previous estimates.

“I am also pleased to announce new advances in line with our strategic and capital allocation priorities. We have reached an agreement to sell our stake in Modani from 70% to 15% in order to be able to devote our full attention to improving the operational excellence of our European activities and consolidating our positions in our existing markets ”, Walbaum said.

Fibre2Fashion Information Office (JL)

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