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- 2024 -26 MarchNews
Today’s news in brief-26/3/24
Asos reported an 18% decline in sales during the first half of fiscal year 2024, yet maintained its profit guidance. Despite the sales dip, Asos showcased strong free cash flow performance, reaching £20m, its best since FY17. CEO José Antonio Ramos Calamonte highlighted the company’s progress in implementing its ‘Drive…
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26 MarchClothing & Shoes
Asos maintains profit guidance despite HY sales falling 18%
Asos has reported that sales fell by 18% during the half-year period to 3 March, which the online retailer maintained is still broadly in line with expectations. According to the group, it expected FY23 trends to continue through to the first half of FY24, as it worked to improve…
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19 MarchNews
Today’s news in brief-19/3/24
Castore has secured the Umbro Pro Team Sports licence. This strategic move positions Castore as an exclusive marketer of Umbro products in several European countries, including the UK, Germany, and the Netherlands. Through this partnership, Castore aims to capitalise on Umbro’s heritage and authenticity in football culture, targeting a new…
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19 MarchHigh Street
DFS lowers guidance and warns on Red Sea Crisis
DFS has revealed that it has lowered its full year profit guidance to between £20-£25m after market demands weakened in January and February Alongside this, the company lowered its revenue guidance down to £1bn-1.15bn, a £60-65m drop. The company has warned that these ranges do not factor in the risk…
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18 MarchElectrical
Currys ups profit guidance after takeover bid fails
Currys has revealed that it expects its full-year pre-tax profit to be “at least £115m” after predicting it would land between £105m and £115m earlier in the period. The company stated that this was due to positive like-for-likes and robust gross margins. Furthermore, the company’s disposal of its Greek business…
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Jan- 2024 -19 JanuaryNews
Today’s news in brief-19/1/24
In December 2023, the Office for National Statistics (ONS) reported a significant 3.2% drop in retail sales volumes in the UK. This decline marked the most substantial monthly decrease since January 2021, following a modest 1.4% increase in November 2023. On an annual basis, sales volumes in 2023 fell by…
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19 JanuaryDIY
DFS downgrades sales guidance for FY24
DFS has downgraded its sales guidance for the year, after reporting that gross sales dropped 5.6% year-on-year during the 26 weeks ended 24 December 2023. The sofa retailer has attributed its muted performance to “the record hot weather in September and early October when footfall and demand proved to be…
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15 JanuaryFeatures
Which supermarkets performed the best over Christmas?
According to data from Kantar, Britons made 488 million trips to the supermarkets over the Christmas period, marked out as the four weeks ended 24 December. That number is 12 million more than last year and the largest Christmas period since 2019. This was mildly surprising in a year that…
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11 JanuaryNews
Today’s news in brief-11/1/24
Marks & Spencer emerged as the top-performing grocer in volume growth during the Christmas period and the quarter. Food sales rose by an impressive 10.5%, with like-for-like sales up 9.9%. Clothing and home sales also experienced growth of 4.8%, attributed partly to reduced promotions. Supply chain improvements contributed to better…
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10 JanuaryNews
Today’s news in brief-10/1/24
Sainsbury’s reported a 6.5% increase in retail sales for the 16 weeks ending January 6, 2024. Grocery sales rose by 9.3%, with Christmas grocery sales up 8.6%. General merchandise sales dropped 0.6%, but excluding the impact of Argos’ closure in Ireland, they increased by 1.5%. The company reiterated its full-year…
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