Long, hot summer puts heat on DFS

Long, hot summer puts heat on DFS

The UK retail sector has been under pressure for some time, made worse by Brexit-induced fears and sweltering weather. It's perhaps unsurprising, then, that Britons have had other things on their minds than buying sofas, in turn giving DFS Furniture (DFS) a rather challenging year. Adjusted cash profits contracted 7.6 per cent to £76.1m, falling slightly short of brokerage Peel Hunt's forecast, on sales which also dropped 2 per cent excluding acquisitions. Online fared a bit better, with sales up 15.1 per cent.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now