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.
-
Aug- 2022 -5 AugustEconomy
Tax cuts won’t solve economic crisis, says Next CEO
Simon Wolfson, the chief executive of fashion retailer Next, has claimed that inflationary pressures can only be tackled by increasing the supply of goods and workers as tax cuts will not solve the challenges facing the British economy, according to The Telegraph. The Telegraph reported that Wolfson also predicted that…
Read More » -
4 AugustHigh Street
Next raises profit guidance amid strong sales performance
Next has revealed its sales performance exceeded expectations by £50m, leading the retailer to raise its full-year profit guidance by £10m to £860m. Full price sales were 4.7% stronger than expected in the second quarter to 30 July, which Next said was due to “unusually warm and dry weather in…
Read More » -
Jul- 2022 -26 JulyHigh Street
Shoezone ups profit guidance amid ‘better than expected’ trading
Shoe Zone has announced “stronger than expected” trading in its latest update detailing the figures since 29 June, with the company now expecting adjusted profit before tax for FY 2022 to be not less than £9.5m. It said the upturn was due to “higher than expected demand for summer products,…
Read More » -
19 JulyClothing & Shoes
Joules raises FY profit guidance as cost cuts bear fruit
Clothing and homeware brand Joules has revealed it expects FY22 adjusted profit before tax and adjusting items to be “slightly ahead of current market expectations” as its additional cost reductions begin to bear fruit. It revealed the trading trends outlined in the group’s previous update have also continued for the…
Read More » -
Jun- 2022 -17 JuneNews
Tesco sales fall amid changing customer behaviour
Tesco has revealed its UK sales dropped 1.5% for the 13 weeks ended 28 May 2022 (Q1) following changing customer behaviour due to the inflationary environment, although Tesco is still maintaining its profit guidance for the year. Overall, group retail sales rose 2% year-on-year to £13.57bn, with Tesco’s cash-and-carry business,…
Read More » -
May- 2022 -23 MayDIY
Kingfisher sales drop despite supply pressures easing
Kingfisher has announced its like-for-like sales dropped 5.4% to £3.2bn in the three months ended 30 April 2022 (Q1), although this is up 16.2% from pre-pandemic levels as inflationary and supply chain pressures have eased. In the UK and Ireland, total sales fell 14.1% in Q1, but increased 16.7% on…
Read More » -
Mar- 2022 -24 MarchClothing & Shoes
Next hit with £85m sales loss amid Ukraine and Russia closures
Next has revealed it has lowered its sales guidance for the financial year 2022/23 to £85m, down 2% following “anticipated losses overseas” amid the closure of the company’s websites in Ukraine and Russia. The company has also lowered its profit guidance by 1.2% to £10m following the loss of £18m…
Read More » -
Jan- 2022 -26 JanuaryHigh Street
Pets at Home ups profit guidance to £140m
The Pets at Home Group has reported its total group revenues grew by 5.8% to £319.4m over the 12 week period from 8 October to 30 December 2021, and the group has now upped its full year pre-tax profits forecast to £140m for FY22. Despite supply chain pressures, group like-for-like…
Read More » -
13 JanuaryNews
Tesco expects profits to hit £2.6bn amid strong Xmas trading
Tesco has set a new profit guidance of £2.6b after a stronger than expected Christmas period, according to its latest trading report for the 19 weeks ended 8 January 2022. It revealed the retailer has seen further growth on top of an “exceptional” performance last year, with shares sitting at…
Read More » -
12 JanuaryNews
Sainsbury’s upgrades profit forecast amid strong Xmas trading
Sainsbury’s has revealed it expects to report underlying profit before tax of at least £720m in the financial year to March 2022, according to its Third Quarter Trading Statement for the 16 weeks to 8 January 2022. It revealed the retailer’s “bold” investments in value, new products and service have…
Read More »
