4Imprint shares fall despite forecast for FY in line with expectations.
4imprint shares slid on Tuesday despite the promotional products marketer saying full-year results are set to be in line with expectations, with the board reaffirming guidance for 2026 revenue to be slightly above last year's $1.35bn and adjusted pre-tax profit of around $130m.
Source: Sharecast
The promotional products group delivered a resilient performance in the first 10 months of the year, with revenue up 2% on the same period of 2025. Average order value increased 3%, helping offset a 1% decline in total order intake.
While new customer orders were 5% lower year-to-date, the trend improved steadily through the year, with the decline narrowing to 3% in the third quarter from 9% in the first quarter. Existing customer orders were broadly unchanged from a year earlier.
Margins remained in line with expectations, with the gross margin just above 31% and operating margin around 9%. The group ended October with $152m of cash, despite paying $68m in dividends and completing a $10m office relocation and distribution centre expansion project in Wisconsin.
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