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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Jan- 2021 -22 JanuaryDepartment Stores
John Lewis repays £300m to the Treasury early
John Lewis has announced it has repaid £300m early to the Treasury and the Bank of England Covid Corporate Financing Facility, which was due for repayment on 15 March 2021. The retailer was hit heavily by the impact of Covid-19 and store closures for several months, however the Partnership believes…
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Jan- 2020 -16 JanuaryDIY
Halfords hails ‘strong’ Q3 sales performance
Halfords has reported a “solid” performance in its third quarter of trading, with total group revenue up 4.6%. In the 14 weeks ended 3 January 2020, like-for-like revenue was also up 1.3%. Retail cycling delivered “strong sales growth” in particular, with like-for-like sales increasing 5.9% in the period. Halfords said…
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3 JanuaryDepartment Stores
Next hikes profit forecast after Christmas sales boost
Next has announced a lift to its full-year profit guidance after strong trading over the festive period. Full price sales rose by 5.2% year-on-year for the period October 27 to December 28, 1.1% more than estimated by the retail giant. Following this result, the retailer’s profit guidance for the full…
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Aug- 2018 -1 AugustClothing & Shoes
Next sales grow 2.8% but shares slump
Next’s shares slumped 6% in early trading, despite the retailer reporting sales growth of 2.8% – boosted by the hot weather – in its latest results. The clothing retailer said in its trading update for the 12 weeks ending 28 July online sales were up 12.5%, but in its retail…
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Jan- 2018 -19 JanuaryEconomy
Carpetright shares crash 41.9% amid profit warning
Specialist carpet retailer Carpetright has issued another profit warning prompting shares to fall by 41.9%, at the time of writing. Analysts expected profit figures of £15.6m for the year, but the firm revised its full-year profit guidance to between £2m to £6m. Sales for the post-Christmas period were significantly behind…
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3 JanuaryNews
Next boosts profit forecast by £7m after stronger Christmas sales
Clothing retailer Next has raised its full year profit forecast by £7m after delivering a stronger than expected Christmas sales period. The period yielded a 1.5% increase in full-price sales from November 1 to December 24, attributed to strong online sales for winter clothing as customers prepared for the cold…
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