DIY
DFS slashes FY guidance amid Red Sea disruption and weak demand
This lowered guidance was driven by multiple issues, including a lower level of delivered customer orders, with £12-14m of delayed deliveries from the Red Sea disruption
DFS has downgraded its full-year guidance amid “challenging” consumer demand and ongoing disruption issues in the Red Sea, which have caused delivery delays and higher freight costs. In its latest update, the company said it now expects profit-before-tax to be in the range of £10m to £12m in the full-year, down from a previous guidance of £20m to £25m.
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