Homebase reports heavy losses but on track for profitable 2024
Poor weather and consumer caution left Homebase with heavy losses last year, but the group says it is on track to deliver double-digit profits in 2024.
In its results for the year to January 2023, the home improvement retailer reported an £84.2m loss from a profit of £30m the year before.
Revenue dropped from £788m to £701m during the period, which the retailer described as a “challenging year for Homebase and retail”.
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