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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Feb- 2023 -3 FebruaryComment
After a tough golden quarter, can Asos reclaim its crown?
The most recent golden quarter came as something of a pleasant surprise to the market. Across the retail sector, companies rejoiced as sales bounced back in the first Christmas period that was not disrupted by virus variants. Of course, the period was not without its tribulations. Businesses were still hit…
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3 FebruarySupermarkets
Canada Goose lowers outlook as revenues slip
Canada Goose reported revenues of $576.7m (£471.3m), down 1.6% from the prior third quarter “largely due” to timing of wholesale shipments and lower revenue in Mainland China related to Covid-19 disruptions. However, it revealed its gross profit increased $2.6m (£2.1m) primarily due to gross margin expansion. It generated net income…
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2 FebruaryClothing & Shoes
Superdry boss denies plans to take business private
Superdry founder and CEO Julian Dunkerton has announced that he has no plans to take the company private following media reports it was a possibility. This statement now means that under UK takeover rules Dunkerton cannot make a bid for Superdry for six months unless another offer comes in for…
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Jan- 2023 -31 JanuaryNews
Pets at Home raises profit outlook
Pet retailer Pets at Home has raised its profit outlook after record Q3 consumer revenues, for the 12 weeks ended 5 January 2023. Its consumer revenues rose 9% year on year boosted by a record number of consumers. Consumer revenues were also up 30% compared to pre-pandemic levels. The company…
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27 JanuaryClothing & Shoes
Superdry lowers FY profit guidance to breakeven
Superdry has revealed it recorded an adjusted loss before tax of £13.6m for the 26-week period ending 29 October 2022, and as such has lowered its FY profit guidance from £10-£20m to breakeven. The clothing retailer owned by Julian Dunkerton said the performance comes from a return to normal rent…
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19 JanuaryHigh Street
Dunelm sales surge 18% in Q2
Dunelm has revealed that its total sales reached £478m in Q2, which was 18% higher than in the same period last year and an increase of 48% compared with pre-pandemic levels. For the period ending 31 December 2022, the group attributed its performance to customer demand for its Autumn and…
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19 JanuaryHigh Street
Boohoo revenues drop 11%
Boohoo has revealed its revenues dropped 11% to £637.7m in the three months to 31 December, in line with the online fashion retailer’s previous guidance. UK revenues declined by 11% year-on-year while international revenues fell by 10% after trade was “impacted by extended delivery times compared to pre-pandemic levels”. Boohoo…
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17 JanuaryOnline & Digital
THG lowers profit guidance as it launches new strategy
THG has revealed it now expects its EBITDA to come in between £70m-£80m, down from £100m-130m, due to lower full-year sales outturn. During the full-year period ended 31 December 2022, the online retail group said the guidance comes despite record sales of £2.25bn, boosted by +9.4% increase in THG Beauty…
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17 JanuaryOnline & Digital
Ocado reveals Q4 revenues of £550m
Online retailer Ocado has announced revenues of £550m for 13 weeks ended 27 November 2022, an increase of 0.3% compared with last year. The strong revenues come as a result of a 1.9% increase in average orders per week, which rose to 382,000. Despite this the average basket value dropped…
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13 JanuaryDIY
DFS maintains guidance amid strong winter trading
DFS has maintained its profit guidance for the full-year following a strong start to its winter trading period. In the half-year ended 25 December 2022, order intake rose by 10.6% against the pre-pandemic period in FY19, with a “strong” second quarter that was boosted by market share gains. Overall, gross…
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