REG - DFS Furniture PLC - AGM Trading Statement

DFS FurnitureAnnouncement

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RNS Number : 4907H  DFS Furniture PLC  14 November 2025

14 November 2025

 

For immediate release

 

DFS Furniture plc

 

AGM Trading update for 19 weeks ended 9 November 2025

 

Encouraging start to the year

 

DFS Furniture plc (the 'Group'), the market leading retailer of upholstered
furniture in the United Kingdom, provides the following update in advance of
its Annual General Meeting later today.

 

The financial year has begun positively. Our three key enablers of scale and
vertical integration, utilising data and harnessing our unique culture are
strengthening our market leading proposition, resulting in improved financial
performance.

 

We have seen order intake growth across the first 19 weeks of FY26, against
strong comparatives, and in line with our expectations. Our proprietary
banking data(1) indicates both our DFS and Sofology retail brands outperformed
a market that remains subdued.

 

We are pleased with the continued progress we are making with our self-help
cost initiatives, driving improvements in gross margin and helping to mitigate
the impact of inflation.

 

As a result of the trading momentum, the continued smooth running of the
supply chain, gross margin improvements and cost control, we expect to deliver
strong year on year profit growth in the first half.

 

Whilst it is still relatively early in our financial year and we are mindful
of the broader macroeconomic environment and the uncertainty created by the
upcoming Autumn budget, we remain comfortable with the range of consensus
profit expectations(2).

 

Looking further ahead, we remain confident in the Group's prospects and we
will continue to focus on executing our stated strategy and delivering value
for all our stakeholders.

 

A further update on the Group's performance will be provided in our post-close
update on 20 January 2026.

 

Tim Stacey, Chief Executive, commented:

"By continuing to execute our strategy we have made a strong start to the
year. Despite the upholstery market remaining subdued, we have grown order
intake across both our retail brands, ahead of the market, and progressed our
gross margin and cost base initiatives leaving us in a good position to
deliver strong first half year on year profit growth.

 

"Our customer proposition is in great shape and our medium-term outlook
remains positive. Whilst the macroeconomic backdrop remains uncertain in the
short term we will keep focusing on what we can control."

 

(1) Proprietary Lloyds banking data covering 13 specialist upholstery
retailers

(2) Company compiled analyst consensus profit before tax and brand
amortisation: £40.6m (£37.6m to £43.0m)

 

Enquiries:

 

DFS (enquiries via Teneo)

Liz McDonald (Group Company Secretary)

Phil Hutchinson (Investor Relations)

investor.relations@dfs.co.uk

 

Teneo

James Macey-White

Jessica Reid

+44 (0)20 7353 4200

85fs.dfs@teneo.com

 

 

About DFS Furniture plc

 

The Group is the clear market-leading retailer of upholstered furniture in the
United Kingdom. Our Group purpose is to bring great design and comfort into
every living room, in an affordable, responsible and sustainable manner. We
operate an integrated physical and digital retail network of living room
furniture showrooms and web sites in the United Kingdom and Republic of
Ireland, trading through our leading brands, DFS and Sofology. We attract
customers through our targeted and national marketing activities and our
reputation for high quality innovative products and services, breadth of
product offer and favourable consumer financing options. We fulfil orders for
our exclusive product ranges through our own UK finished goods factories, and
through manufacturing partners located in the UK, Europe and Far East, and
delivered with care through our expert final-mile delivery service 'The Sofa
Delivery Company Limited'.

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