John Lewis raises profit forecast after resilient Christmas performance

John Lewis

John Lewis has said its sales across Black Friday and Christmas “held up better than anticipated” and its profits will be ahead of previous guidance as a result.

John Lewis said it expected results for its current financial year to be ahead of the previous guidance of “a small loss or small profit” as a result of its stronger than expected peak performance – although the business has not provided a Christmas trading update.

The department store group has also said that, due to its resilience over the peak period, it will repay its £300m Covid corporate financing facility to the government now, ahead of the March 15 deadline.

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