DFS warns on profits despite reaching ‘record market share’
Furniture specialist DFS has warned that its full-year profits will be at the lower end of its previous guidance, despite achieving “record market share” and higher average order values.
In a trading update for the 26 weeks to December 25, 2022, DFS posted a 16.2% decline in underlying profit before tax year on year to £7.1m. Profit before tax fell 16% from £22.8m to £6.8m.
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