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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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…
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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…
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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…
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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…
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Dec- 2021 -14 DecemberClothing & Shoes
Joules lowers H1 profit guidance amid global supply issues
Retailer Joules expects to report lower pre-tax profits for the 26-week period ending 28 November ranging from £2m to £2.5m, compared with last year’s result of £3.7m. The lower profit expectation was attributed to the “well-documented” global supply chain issues which have resulted in some higher costs and stock delays…
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3 DecemberDIY
Wickes ups profit guidance amid ‘strong’ Q4 sales
Wickes has increased its full-year earnings expectations after a “strong” fourth-quarter trading period, with profit expected to be no less than £83m. It revealed the firm has “benefitted” from its “balanced business model”, with sales in line with expectations. Delivered sales in Do It For Me (DIFM) are “strengthening” as…
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Nov- 2021 -2 NovemberClothing & Shoes
Shoe Zone raises FY21 profit guidance amid ‘better than expected’ trading
Shoe Zone has raised its pre-tax profit expectations for the full-year ending 2 October 2021 after seeing “better than expected” underlying trading. The retailer told shareholders that it now expects profits for the 52-week period to range between £9m and £10m up from a previous guide of £6.5m. In addition,…
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Oct- 2021 -28 OctoberDIY
Travis Perkins hikes profit guidance amid ‘robust’ trading
Travis Perkins has upgraded its expected profit for its full-year results following a period of “robust” trading in recent months. The group now expects to report a profit of “at least” £340m, including around £40m in property profits. It comes as the group welcomed positive trading momentum with a like-for-like…
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Jul- 2021 -21 JulyDIY
Wickes sales surpass pre-pandemic levels in H1
Wickes has revealed that sales have once again surpassed pre-pandemic levels following a strong half-year of trading, as the group reported a two-year sales growth of 22.4% in H1. Meanwhile, like-for-like growth for the 26 weeks to 26 June 2021 rose by 33.1% year-on-year. Since reopening, ordered sales have grown…
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21 JulyHigh Street
Next upgrades profit guidance
Next has revealed it is raising its profit guidance for the rest of the year after beating its expectations for full price sales, with a rise of 19% in the last 11 weeks compared with figures posted two years ago. The fashion retailer said it originally assumed an increase of…
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