UK's Colefax prelim annual revenue, profit rises
UK's Colefax prelim annual revenue, profit rises
Overview
UK furnishing fabrics designer's revenue rose 5.4% for year ended 30 April 2026
Earnings per share increased 29.8% year-over-year
Company returned £6.1 mln to shareholders via share buyback in October 2025
Outlook
Colefax says US sales remain strong and is cautiously optimistic for first half of current yr
Company sees significant US stock market correction as main external risk to US sales
Colefax expects challenging trading conditions outside US, especially in UK and for Decorating and Furniture Divisions
Result Drivers
US FABRIC SALES - Strong US sales in the Fabric Division, closely linked to US stock market strength, were the main driver of group performance
UK DECORATING WEAKNESS - Decorating Division sales declined sharply, with losses attributed to UK tax changes and reduced high-end property transactions
MIDDLE EAST IMPACT - Middle East conflict hurt sales in that region and delayed project installations, affecting Decorating Division profits
Company press release: ID:nRSe6426Oa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue | Miss | GBP 115.92 mln | GBP 119 mln (1 Analyst) |
FY Net Income |
| GBP 7.75 mln |
|
FY Operating Profit | Miss | GBP 11.27 mln | GBP 11.70 mln (1 Analyst) |
FY Pretax Profit | Slight Beat* | GBP 10.53 mln | GBP 10.50 mln (1 Analyst) |
FY Basic EPS |
| GBP 1.41 |
|
FY Gross Profit |
| GBP 66.16 mln |
|
FY Operating Expenses |
| -GBP 54.89 mln |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the home furnishings peer group is "buy"
Wall Street's median 12-month price target for Colefax Group PLC is GBp1,300.00, about 10% below its July 30 closing price of GBp1,445.00
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)