THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
DFS reiterates full year profit guidance following rise in demand

Furniture retailer DFS has reiterated its full year profit guidance after seeing orders improve in its second quarter. In a trading statement for the 26 weeks… View Article

HOME AND DIY RETAIL NEWS

DFS reiterates full year profit guidance following rise in demand

Furniture retailer DFS has reiterated its full year profit guidance after seeing orders improve in its second quarter.

In a trading statement for the 26 weeks to 25 December, the company said low demand at the start of its financial year was followed by better trading.

Across the half year, group order intake was 10.6% higher than pre-pandemic levels three years ago, but 4.8% down on a year-on-year basis.

However, orders improved to growth of 18.8% year-on-year in the last three months of the period as the company continued to make market share gains.

DFS said it has made a good start to its winter sale trading period and that current order intake is strong. As a result, the company has reiterated its mid case full year profit guidance of £36 million.

Tim Stacey, DFS group chief executive, said: “The group has traded well through the second quarter and the start of the important winter sale trading period. Whilst the macroeconomic environment remains challenging and hard to predict, we reiterate our full year profit guidance supported by the positive current trading momentum.

“As always, we continue to invest for the long-term success of the business, to further strengthen our market leading position and with our established platforms, scale and expertise we believe we are well set up for growth over the medium term.”

Subscribe For Retail News