ScS confident in full-year profit guidance despite cost-of-living crisis
Furniture specialist ScS expects to report full-year profit guidance in line with expectations, despite the ongoing effects of the cost-of-living crisis.
In a trading update ahead of its full-year results for the 52 weeks to July 29, 2023, the retailer said its financial position remained robust, with £695m in cash and no debt.
ScS said like-for-like order growth from weeks 34 to 52 of the full-year period had grown strongly by 6%, building on 5.7% growth between weeks 27 and 33 – bringing order intake into line with the previous year, following a “challenging first quarter”.
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