High Street

DFS profits fall as cost of living sees sales soften

It revealed in the fourth quarter of FY22 and first quarter of FY23, order volumes for the group ‘softened markedly’ relative to pre-pandemic levels

DFS has revealed that its reported profit before tax has almost halved to £58.5m, down from £102.6m, as rising inflation negatively impacted its supply costs and dampened demand for its products.

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