ScS full year results to be in line with expectations
Upholstered furniture retailer ScS has said its full year performance will be in line with expectations after it increased its like-for-like order intake by 4.2% in the 52 weeks to 27 July.
The company had previously reported that like-for-like order intake growth was 2.9% in 33 weeks to 16 March so the full year performance reflects stronger growth in the last 19 weeks of the trading year.
ScS said the uplift could partly be attributed to weaker comparatives in the prior year due to 2018’s summer heatwave and the staging of the football World Cup.
The company will announce its preliminary results for the full year on 1 October.
David Knight, chief executive of ScS, added: “I am delighted to announce that the group has traded in line with our expectations for the year, an encouraging result given the challenging retail environment. We will continue to target profitable growth by providing an excellent customer experience, with outstanding value, quality and choice for our customers.”
