Debenhams shares jump as profit growth returns in first quarter
03/06/2026 08:18
BUZZ-Debenhams shares jump as profit growth returns in first quarter ** Shares of British fashion retailer Debenhams DEBS.L up 11.7% at 21p
** Stock's highest level since March 16, 2026
** Co reports a return to growth in first quarter, driven by materially improved profitability and a significant strengthening of cash flows
** DEBS reaffirms expectations for double-digit percentage growth in annual adjusted core profit
** Co says its first quarter gross merchandise value returned to growth, with GMV up 0.5% year on year
** YTD, stock has fallen ~19%
(Reporting by Tuhina in Bengaluru)