new-recommended-broker-banner new-recommended-broker-banner

Here’s Why French Connection Share Price Crashed Nearly 20% Today

Updated: 22 Mar 2021

Shares of French Connection Group PLC (LON: FCCN) fell nearly 20% today after the company reported that its revenue plunged 53% in the first half of the year to July 31. 

French Connection saw its revenue drop 53% year-on-year to £23.9 million, while the business saw its losses plunge to £12.1 million, much higher than a £3.6 million loss reported a year ago.

The company blamed the permanent closure of 9 stores for a sharp tumble in revenue. Wholesale revenue plunged 49.3%.

“Despite the unprecedented difficulties we continue to face alongside the rest of the High Street, having been able to secure the necessary financing we feel that we are well positioned to navigate an extended period of uncertain consumer demand but also ready to capitalise on any opportunities that may arise especially given the good performance of wholesale, while maintaining a very tight control of costs,” said chairman and chief executive Stephen Marks.

French Connection stock price fell 19% on deep losses October 2020

French Connection share price dropped around 19% to trade at 7.25p.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .