Retail Week looks ahead to the next seven days with updates from Marks & Spencer, Sainsbury’s, Morrisons, Primark and more on the agenda.
The retailer’s parent company Associated British Foods will report full year results on Tuesday. Primark has consistently beaten the market despite tough fashion headwinds. The value giant is expected to report positive results as it expands further internationally.
The grocer will update the market with details of its third-quarter trading performance on Tuesday. After enjoying its best sales performance for nine years during its second quarter, when like-for-likes surged 6.4%, analysts are anticipating a slower third quarter. Morrisons’ house broker Shore Capital suggests that will be the result of “generally slower market conditions” following the summer spike, which was driven by the football world cup, the royal wedding and hot weather.
The retailer will post its interim results on Wednesday. M&S is expected to report that sales will decline by 1.5% and pre-tax profit by 3.4%, according to house broker Shore Capital. The high street giant is under pressure as its usual star performer, its food arm, has begun to falter and its always-struggling clothing and home offer has continued to stagnate.
The British luxury brand will report its interim results on Wednesday. Mulberry posted rising sales at its full-year results, though profits dipped slightly.
The computer game specialist will report its final results on Thursday. Game’s sales were flat last year but the business reported positive progress on its gaming arenas, which it has partnered with Mike Ashley on.
The British design house will report its interim results on Thursday, November 8. Burberry posted an increase in full-year profitability as boss Marco Gobbetti hailed “promising early signs” in its transformation plan. Investors will be keen to see whether this has been sustained.
The specialist retailer will post its interim results on Thursday. Halfords, which recently pulled out of the race to buy Evans Cycles, hailed a “solid” start to its financial year as sales increased despite the “challenging retail environment”. The cycling and car parts business posted a 2.8% increase in like-for-like sales across the group in its last update.
The fashion retailer will post a pre-close half-year update on Thursday. Superdry warned on profits due to the long, hot summer and the consequent lack of consumer appetite for higher-margin, cold-weather clothing last month. The retailer is in the middle of an innovation plan to turn its fortunes around.
The supermarket giant reports its interim results on Thursday. Analysts are expecting Sainsbury’s to deliver a full-year pre-tax profit of £634m – and the results should provide a good indication as to whether the grocer is on track to meet those expectations. The retailer’s share price has jumped around 17% since April, when it revealed details of its proposed merger with Asda.
The value retailer will post a pre-close half-year update on Thursday. It will be the maiden update for The Works since it floated with a £100m price tag in July. In its 2018 financial year, like-for-like sales surged 14.3% and EBITDA jumped 22.5%.