Joules in new share price crash after profit warning
Shares in Joules continued to fall on Wednesday after a plunge on Tuesday following the firm’s latest profit warning.
Its share price had dropped over 40% after that warning having also plunged late last year, which means the shares are down around 60% in the last 12 months.
Its shares were changing hands for around £3.84 each back in mid-2018 but are currently slumbering around 60p.
The fall in its share price came in the same week that Studio Retail also saw a share price crash following its own warning about profits and supply chain issues.
Joules is being hit by those supply chain problems, as well as low January footfall, but there have been issues of its own making too in the not-too-distant past and investors are clearly growing impatient.
The retailer has said that it will delay its half-year results report as it conducts a “going concern” analysis after very weak trading in January. But it also stressed that it has enough funding to continue.
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