Profit Guidance
This coverage examines profit guidance announcements and revisions from UK retailers, analysing underlying factors such as sales performance, cost pressures, and market conditions. Reporting focuses on strategic outlooks, executive commentary, and financial forecasts — offering crucial insight for retail executives, financial officers, and business leaders evaluating performance signals and making investment and operational decisions.
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Oct- 2025 -22 OctoberFeatures
Is Pets at Home really a victim of a ‘subdued’ pet market?
“It’s not just one issue behind Pets at Home’s challenges. A squeeze on household budgets, rising costs in real estate and shifts in consumer behaviour have combined with the challenges of delivering a broad ‘pet care platform’ strategy,” says Anna King, a retail consultant, of the troubles facing the UK’s…
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20 OctoberHigh Street
B&M lowers FY guidance amid accounting error as CFO resigns
B&M has reduced its profit guidance for the 2026 financial year after uncovering an accounting error related to freight costs, as it confirmed the planned departure of its chief financial officer Mike Schmidt. The value retailer said a review of its half-year consolidation process found around £7m of overseas freight…
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Sep- 2025 -18 SeptemberHigh Street
Next CEO warns UK economy faces ‘anaemic growth’ despite HY profit uplift
Next has revealed that its profit-before-tax rose 13.8% to £515m for the half year ended July 2025 as its CEO warned that the UK is facing “anemic growth”. It comes as the group’s revenues rose 10.3% to £3.25bn, helped by favourable weather and business gained during the M&S cyber attack…
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Jul- 2025 -31 JulyDepartment Stores
Next ups full-year guidance as Q2 sales rise 10.5%
Next has upped its full-year sales guidance after sales soared by 10.5% in its second quarter, as the group “overperformed” in both the UK and international markets. In the quarter ended 26 July 2025, full price sales were £49m ahead of its original guidance, with the group previously expecting a…
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May- 2025 -22 MayDIY
The Works ups profit guidance as turnaround bears fruit
The Works has upgraded its FY25 profit guidance and is expecting to deliver approximately adjusted EBITDA of £9.5m compared with £6m in FY24, following good progress with its turnaround strategy. The group is also targeting profit growth in excess of current market expectations of the £10m adjusted EBITDA in FY26.…
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8 MayNews-In-Brief
Today’s news in brief-8/5/25
Next has increased its full-year profit guidance to £1.08bn, up £14m, following an 11.4% rise in Q1 full-price sales, outperforming its 6.5% forecast. The retailer attributed the £55m sales boost to warmer spring weather but cautioned that some demand may have been pulled forward from Q2. While retail sales surged,…
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8 MayLuxury Goods
Pandora lowers profit guidance amid tariff fears
Pandora has revealed that it has lowered its EBIT margin guidance for the full year to “around 24%”, down from 24.5%. The retailer cited currency fluctuations and ongoing uncertainties around US trade tariffs as key factors behind the reduction in its margin expectations. Despite this, the company saw its sales…
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8 MayDepartment Stores
Next ups profit guidance as Q1 sales rise by 11.4%
Next has upped its full-year profit guidance as it welcomed “better than expected” sales in the first quarter, with full price sales up by 11.4% as trade was boosted by the warmer spring weather. The “overperformance” meant sales were £55m higher than its forecast for the period, with the group…
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Apr- 2025 -30 AprilPeople Moves
B&M’s chief financial officer appointed interim CEO
B&M has announced the appointment of chief financial officer Mike Schmidt to the role of interim chief executive, effective immediately. The news comes as former chief executive Alex Russo, who joined the discounter in 2020, officially retired today (30 April) after three years in the role. In a very short…
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3 AprilNews-In-Brief
Today’s news in brief-3/4/25
The Co-op has reported a sixfold surge in full-year pre-tax profits, rising to £161m from £28m the previous year, despite facing over £200m in new headwinds and investment costs. This growth was driven by increased operating profits, which climbed by £34m to £131m, alongside improved returns from Funeralcare plan investments.…
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