UK's Debenhams jumps after raising annual core profit forecast

Boohoo

28/01/2026 08:24

** Shares of British online fashion retailer Debenhams DEBS.L rise 8.2% to 25.75p

** Co now expects FY adjusted EBITDA to be 50 million pounds ($68.96 million) vs previous guidance of 45 million pounds

** DEBS plans to retain PLT brand, which it previously planned to sell, due to pace and scale of its turnaround

** Says continues to advance the sale of non-core assets which would materially reduce the net debt in the next 12 months

** Panmure Liberum analysts say co's revenue decline has improved significantly and could be in growth during H1FY27

** Stock fell 31.07% in 2025

($1 = 0.7251 pounds)

 (Reporting by Simone Lobo in Bengaluru)

 ((Simone.Lobo@thomsonreuters.com, +919920570373))