Shares in musical equipment retailer Gear4music shares fell early on Tuesday as investors reacted to news of slower summer trading and a lack of fresh upgrades in the the firm's annual general meeting statement, despite reporting year‑to‑date sales growth in line with expectations.
Gear4music (Holdings)
08 September 2026 11:16:36
Source: Sharecast
Ahead of its AGM, Gear4music said sales for the five months ended 31 August were up 7.3% year‑on‑year, with management saying it was pleased with the progress, but also noting that growth had moderated in July and August during an "unusually prolonged period of hot weather", and against a very strong prior year comparative.
However, the AIM-listed group reiterated that trading remained in line with internal expectations and confirmed that it would issue a six‑month trading update on 20 October, followed by half‑year results on 17 November.
Gear4music noted that FY27 consensus expectations stood at £200.2m in revenue ahead of the update, with FY underlying earnings seen at roughly £16m and pre‑tax profits expected to come in at £6m.
As of 1115 BST, Gear4music shares were down 7.79% at 260.50p.
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