Positive momentum for furniture retailer, despite unpredictable climate
Furniture retailer DFS has recorded a good start to the winter sale trading period in an update for the 26-week financial reporting period to 25 December 2022.
The Doncaster-headquartered business has reiterated its mid case profit guidance of £36m pre-tax profits (range £30m-£40m), adding that it has achieved a 10.6% increase in order intake growth relative to the FY19 pre pandemic period.
Group gross sales – which are recognised on delivery of orders to customers – are up 9.6% on the FY19 comparator period.
Tim Stacey, 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.”
DFS says it will publish its interim results for the period ending 25 December 2022 on 16 March 2023.
