Fashion and homeware retailer, Matalan delivered a strong Q3 performance with pre-IFRS16 EBITDA up 38 per cent to £27m, driven by like-for-like sales growth in Q3 of 2 per cent, coupled with ongoing focus on margin and efficiencies. This builds on the momentum delivered in H1 2026, with pre-IFRS16 EBITDA up 53 per cent to £61m in the financial year to date.
Digital performance was particularly strong in Q3, with like-for-like sales up 11 per cent and Black Friday delivering Matalan’s strongest ever online sales day outside the Covid pandemic. In addition, refreshed stores outperformed the wider estate by 12 per cent and the retailer plans to upgrade 40 more locations in its next financial year.
Over the months of November and December, in the run up to Christmas, like-for-like sales in the nine weeks ended 2nd January 2026 increased by 1 per cent. Categories including women’s outerwear
and men’s formalwear and sportswear performed particularly well. As a result, Matalan gained market share across both womenswear and menswear in the period.
Overall, Matalan outperformed the wider market in October through to December, delivering year-on-year sales growth ahead of its peers.
Karl-Heinz Holland, Executive Chair of Matalan, commented: “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.”
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