Frasers Group profits rise but Budget costs pose challenge
Frasers Group has reported an increase in annual profits but earnings in the new financial year may be slightly different as the retailer confronts extra costs.
The retailer said it expects adjusted pre-tax profit in the current year to be between £550m and £600m as it seeks to address “various macro headwinds and…to incur at least £50m of incremental costs as a result of last year’s Budget”.
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