DFS drops profit guidance due to ongoing Red Sea disruption
DFS has reduced its profit guidance on recent trading as it continues to be affected by ongoing Red Sea disruption.
The furniture retailer announced at its interim results in March that it expected revenues of £1,000m- £1,015m and profit before tax to be in the range of £20-125m, with an “additional profit risk of up to £4m” if shipping delays in the Red Sea continued throughout the year.
It has since announced that it expected profit before tax to be between £10-12m ahead of its results from the 53 weeks to June 30.
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