Gear4Music Holdings PLC - York, England-based retailer of musical instruments and music equipment - Says the ‘marked improvement’ in UK and European like-for-like sales seen in the second half of March continued in the first half of April, resulting in double-digit percentage sales growth in the past 30 days. Gear4music says this has increased its confidence in meeting expectations for the financial year that began this month and runs to March 31, 2026. Says market expectations for financial 2026 are pretax profit of £2.7 million and adjusted earnings of £10.9 million on revenue of £153.8 million. Gear4music previously said financial 2025 results are expected to be pretax profit of £1.6 million and adjusted earnings of £10.0 million on revenue of £146.7 million.
The outlook comes as Gear4music says it has purchased stock with a cost value of £1.8 million from the administrators of a failed competitor. Gear4music will pay £600,000 for the stock and some intangible assets of GAK.co.uk Ltd and Guitar, Amp & Keyboard Centre Ltd. It isn’t buying the GAK trading business, nor will it use the GAK name.
Current stock price: 134.65 pence, up 15% in London on Wednesday
12-month change: down 1.7%
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