Guidance
This coverage focuses on trading guidance, financial outlooks, and performance updates issued by UK retail businesses. Retail Sector reports on company forecasts, profit warnings, earnings revisions, and strategic updates that shape investor sentiment and corporate planning across the retail industry. Coverage includes analysis of market reactions, executive commentary, and sector-wide trends influencing guidance from leading retailers. For retail professionals, this category provides critical insights into financial health, market expectations, and business confidence driving decision-making within the UK retail economy.
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Aug- 2023 -1 AugustDIY
Travis Perkins profits plummet 31% in H1
Travis Perkins has seen its operating profit plummet 31% to £112m in the first half of the year, reflecting weak domestic and new build housing markets over the period. Amid challenging market conditions, revenues also dipped by 2.5% to £2.47bn. In light of a lower trading profit, the phasing of…
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Jul- 2023 -27 JulyNews
Westfield sees 8.2% rental income growth in H1
Unibail-Rodamco-Westfield has reported a net rental income of €1,152m (£987m), an 8.2% like-for-like increase, during H1 2023. Shopping centres accounted for the majority of the rental income with €1,059m (£907m), which represents an 8.5% like-for-like growth. Offices and other net rental income accounted for €41m (£35m), up 17.1% on a…
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27 JulyHigh Street
Frasers profits nearly double amid sports retail growth
Frasers group has posted profit before tax of £660.7m for the year ended 30 April 2023, nearly double the £335.6m profit it posted last year. The company stated that this profit increase was mainly driven by a profit growth from its sports retail business from £2.64bn in 2022 to £3.08bn…
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21 JulyNews
THG offloads OnDemand division
THG has recently sold its OnDemand division to a Newco led by the existing OnDemand management team and funded by Gordon Brothers, the advisory and investment firm. The Newco will continue to be a client of Ingenuity, with the provision of technology, operational and digital services. The news follows the…
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20 JulyNews
Dunelm ups FY guidance after strong final quarter
Dunelm has seen full-year revenues rise by 6% to £1.64bn, after a period of “robust” growth in its final quarter, where sales hit £381m despite higher cost prices and rising inflation. Following a “continued robust sales performance, strong commercial disciplines and tight operational grip on costs”, the furniture retailer has…
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18 JulyOnline & Digital
Ocado restates FY23 guidance despite increased losses
Ocado has restated that it has full confidence in its FY23 guidance despite posting losses of £289.5m for the half year ended 28 May 2023. The main reasons for these losses are put down to £192.5m worth of depreciation of assets and amortisation plus £77.2m worth of exceptional items. These…
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17 JulyHigh Street
DFS hits FY23 profit guidance amid record market share
Furniture retailer DFS has announced that it has hit its profit guidance of just over £30m for the year ended 25 June 2023. DFS stated that it hit this target despite the market being “significantly worse than expected”. The company’s gross margin rate continued to improve supported by freight costs…
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14 JulyClothing & Shoes
Burberry sales jump 18% as China trade rebounds
Burberry has welcomed a strong first quarter of trading as store sales rose by 18% to £589m, largely driven by a strong recovery in Mainland China, where sales rocketed 46% in the period. Aside from recovery in Mainland China, where trade benefited from the end of Covid-19 related lockdowns last…
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13 JulyClothing & Shoes
Uniqlo owner on track to deliver 25% rise in Q3 profits
Fast Retailing, the parent company of Uniqlo, expects to deliver an increase of 25% in profits in the third quarter, following strong growth across all of its markets. Meanwhile, the group raised its full-year financial guidance in April from £2.1bn to £2.2bn after experiencing strong half-year growth in Europe and…
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13 JulyHigh Street
Poundland owner reports positive growth of 12.5% in Q3
Pepco Group, the owner of Poundland, has reported that third quarter revenues hit €1.37bn (£1.17bn), up by 12.5% year-on-year, with Poundland revenues up by 8.6% despite a “challenging” trading environment. Poundland delivered a particularly strong trading performance in Q3, driven by consumers prioritising spend on FMCG items, with like-for-like revenues…
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