UK's DFS Furniture FY revenue rises less than analysts' expectations
UK's DFS Furniture FY revenue rises less than analysts' expectations
Overview
UK living room furniture retailer's FY26 revenue grew 2.6% yr/yr, missing analyst expectations
Adjusted pretax profit rose 48.7% but slightly missed analyst consensus
Company restored dividend after balance sheet strengthened and leverage reduced
Outlook
Order intake in first 12 weeks of FY27 down 2.5% year-on-year, in line with expectations
Company expects moderate profit growth in FY27, in line with analyst consensus
DFS reiterates medium-term targets of £1.4 bln revenue and 8% PBT margins
Result Drivers
GROSS MARGIN EXPANSION - Co said gross margin rose to 58.1% due to supplier renegotiations and manufacturing optimisation
SOFOLOGY OUTPERFORMANCE - Sofology brand delivered order intake growth of 2.6%, supported by higher-income customers and strategic range refreshes
HOME CATEGORY GROWTH - Order intake for non-upholstery Home proposition grew 10.9% yr/yr, driven by expanded brand partnerships and showroom mezzanine rollouts
Company press release: ID:nRSX0654Wa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue | Miss | GBP 1.06 bln | GBP 1.12 bln (6 Analysts) |
FY Adjusted Pretax Profit | Slight Miss* | GBP 44.90 mln | GBP 44.96 mln (6 Analysts) |
FY Pretax Profit |
| GBP 43.70 mln |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
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(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.)