Retail Week looks ahead to the next seven days, with financial updates from Tesco, JD, WHSmith and Dunelm all on the agenda.

agenda  logo

agenda logo

JD Sports

The sportswear retailer unveils its full-year results on Tuesday April 11. JD, which won the Retailer of the Year prize at the Retail Week Awards 2017 last month, is expected to post consensus-busting profit figures after an impressive year.

Last July, it upgraded its forecast to the “upper half” of expectations, which range between £170m and £190m. And in January it upgraded those again by up to 15% after continued strong trading in its second half, when like-for-likes were up around 10% year-on-year.

Retail sales

The latest data from the BRC-KPMG, covering the month of March, is released on Tuesday.

According to the February Retail Sales Monitor, non-food sales suffered their first quarterly decline for more than five years, dipping 0.4% on a like-for-like basis and 0.2% on a total basis.

But grocery sales climbed during the same three-month period, registering a 0.6% uplift in like-for-likes and a 2% spike in total sales.

Tesco

The City spotlight will be firmly fixed on Britain’s biggest retailer on Wednesday April 12 when it reveals its full-year results.

Boss Dave Lewis has spearheaded an impressive turnaround effort, returning Tesco to the black this time last year with a statutory pre-tax profit of £162m, following a mammoth £6.4bn loss in 2015.

However, Lewis insisted at that point that “the job is not done” and Tesco shocked the market earlier this year by revealing it had agreed terms on a £3.7bn acquisition of wholesaler Booker as it seeks to create fresh revenue streams and adapt to changing shopper habits.

WHSmith

The stationery specialist publishes its latest profit figures on Wednesday when it posts interim results.

WHSmith, which turns 225 years old this year, enjoyed a 1% uplift in like-for-likes during the 21 weeks to January 21, although some store sales in its high-street division fell 3%.

Its flourishing travel arm offset that slip, registering a 5% like-for-like climb.

Boss Steve Clarke said that WHSmith’s full-year earnings are on course to beat expectations, so the City will be keen to see how profitability shaped up in its first half.

Dunelm

The homewares business updates the market with details of its third-quarter trading performance on Wednesday.

Dunelm suffered a 26% slump in pre-tax profit in its first half, as a “weaker market” and ongoing investment dented earnings. But boss John Browett remains confident that his strategy will pay off.

Dunelm acquired Kiddicare owner Worldstores, launched three new stores and beefed up its marketing during the 26 weeks to December 31 as the former Apple exec continues to reshape the retailer.