DFS profits plummet as supply chain issues and inflation take toll


DFS profits have plummeted as the retailer blamed supply chain issues, double-digit inflation and staff shortages for the slump.

For the 52 weeks to June 27, 2022, the furniture retailer reported a 44.8% drop in underlying profit before tax from continuing operations excluding brand amortisation to £60.3m, while reported profit before tax slipped 43% to £58.5m.

Sales were up 8.5% to more than £1.1bn, while revenue from continuing operations, excluding Sofa Workshop, grew by £192.4m or 20.1% compared with the non-Covid-disrupted pro-forma FY19 period. 

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.