WPP Aunz (ASX:WPP) reports quarterly sales drop but reaffirms guidance

The WPP Aunz Ltd (ASX: WPP) share price remains unchanged today despite the company announcing a trading update on its financial performance. At the time of writing, the marketing company’s shares are swapping hands for 65 cents apiece.

How did WPP Aunz perform for Q1 FY21?

WPP Aunz shares are going nowhere during late-afternoon trade as investors appear mixed on the Q1 FY21 trading update.

For the quarter ending March 31, WPP Aunz reported net sales of $144 million, a decline of 5.2% on the prior corresponding period. Management stated that the result reflected a continued impact from COVID-19. Net sales margin also dipped to a…