Ted Baker sales jump 35% on resilient demand in Omicron-hit quarter
People shelter under umbrellas as they pass a Ted Baker a store in London, Britain October 06, 2015. REUTERS/Neil Hallis "cautiously optimistic" about the outlook for the current year after a 35% year-on-year jump in sales in the fourth quarter, a period when pandemic-related restrictions were still in place, boosting its shares.
"We're cautiously optimistic that people are coming back and returning to work and returning to some sort of — not normality now — but a slow return to going out," Chief Executive Rachel Osborne said on a conference call with analysts."But we don't expect a sudden step back to the pre-pandemic levels straight away. We believe this will build during the year," she said.The company's shares were up 16% at 102 pence by 1000 GMT on the London Stock Exchange.
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