- The furniture retailer reported a 14.8% uplift in its full-year like-for-like sales
- ScS said it expects to report profits on its full-year results in October “in line with current market expectations”
- The retailer is also refinancing its debt facilities at a renegotiated lower margin
ScS has reported increased full-year like-for-like sales as the retailer’s profit expectations remained unchanged despite the Brexit result.
The furniture and upholstery retailer reported a 14.8% jump in its like-for-like sales in the 53 weeks to July 30.
The retailer, which increased its profit expectations after a strong Christmas trading period, has said that sales have continued to climb despite consumer uncertainty in the build up to and aftermath of the EU referendum vote.
As a result ScS has said its full-year profit expectations, which will be reported on October 4, will remain “in line with current market expectations”.
Chief executive David Knight said: “We are delighted that trading was strong throughout the EU referendum campaign and has continued since the vote with progress on a like-for-like basis in all retail categories.”
ScS, which reported narrowing losses in its half-year update in April, has also refinanced its debt facilities by extending the maturity of its committed £12m bank facility to October 2018 at a renegotiated lower margin.