DFS profits rise despite tough trading conditions

dfs

The furniture retailer recently changed its accounting year end date from July 31 to June 30 and as a result published both figures for the 48 weeks to June 30, and pro-form 52 weeks to July 31 figures.

Its pro-form 52 weeks underlying profit before tax was up 31.1% to £50.2m. However, profit before tax on the shorter, 48 weeks was £22.4m, a 13.1% decrease year-on-year, albeit against a 52-week period.

DFS also reported like-for-like sales growth “across all brands and channels” – with pro forma gross sales up 14.4%, and pro forma revenue up 14.4%. In terms of the 48 weeks numbers, gross sales and revenues increased by 3.5%.

 

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