Brand Architekts Group plc (GB:BAR) has released an update.
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Brand Architekts Group plc reported a 15% decline in sales for FY24 due to strategic brand rationalization and challenging UK market conditions, but improved gross profit margins to 41.2% and reduced operating losses. Key brands like Super Facialist and The Solution showed strong growth, offsetting some declines, while the company cut its SKU count and maintained a strong cash position of £7.0m, reflecting strategic efforts to focus on fewer, high-margin brands. The company aims to drive brand awareness and achieve long-term profitability through targeted investments in digital marketing and product innovation.
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