Argos ‘energised’ as earnings rise ahead of sale
General merchandise giant Argos has improved full-year earnings ahead of its sale by Sainsbury’s, Retail Week can reveal.
Accounts filed at Companies House revealed that Argos’s underlying EBITDA rose by £16.2m to £91.2m. Revenue inched up 1% to £4.16bn in the year to February 28. The retailer’s underlying pre-tax loss more than halved to £32.1m.
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