Matalan hails strong third quarter performance
Matalan has reported a strong third quarter performance with EBITDA up 38% to £27 million.
Like-for-like sales rose by 2% in the period and edged up 1% in the nine weeks to 2 January.
Subscribe to TRBThe performance builds on the momentum delivered in Matalan’s first half which means its EBITDA is up 53% to £61 million in the financial year to date.
The retailer delivered strong sales in its digital channel, with like-for-like sales up 11% during the quarter. Black Friday 2025 was Matalan’s best online sales day outside the Covid period, a result the business attributed to sustained investment in its digital proposition as it prepares to launch a new native app later this year.
It also reported that its refreshed stores outperformed the wider estate by 12%.
Matalan will welcome its new chief executive Henrik Nordvall on 2 February.
Karl-Heinz Holland, executive chair of Matalan, said: “Our business transformation continues to deliver tangible results, with another strong quarter of EBITDA performance, alongside a return to sales growth.
“This reflects our relentless focus on delivering better quality, style and value, underpinned by sustained investment in product, stores and digital.
“This has enabled us to outperform the market, despite a challenging trading backdrop. Looking ahead, we look forward to welcoming our new CEO Henrik next month and remain confident in the business delivering sustainable profitable growth.”
