DFS profits fall as coronavirus plays havoc with full-year guidance


DFS has reported a decline in both profits and sales and warned that the developing coronavirus outbreak has made it impossible to give accurate guidance on its full-year results.

The sofa giant posted a 17.5% fall in underlying profit before tax to £20.5m and a 5.7% downturn in revenue to £488m.

The retailer said the downturn in group revenue was “as expected” given strong comparatives and pointed out that over a two-year period including Sofology revenue for the group was up 2.6%.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.