UK's Frasers falls as retailer misses profit estimate, withholds FY27 outlook
16/07/2026 08:19
BUZZ-UK's Frasers falls as retailer misses profit estimate, withholds FY27 outlook ** Shares of Frasers Group FRAS.L down 5.2% at 723.5 pence
** The sporting goods retailer withheld its fiscal 2027 outlook
** Company's adj pretax profit fell 4% to £538 million (728.13 million) in the 52-week period ended April 26, missing both its £550 million-£600 million forecast and analysts' £564.2 million estimate, according to LSEG-compiled data
** Continues to face weak trading, low consumer confidence and excess inventory into H2 and early FY27
** "These pressures are weighing on the entire sector, creating a prolonged and challenging environment, meaning the full potential of this progress has not yet been realised," the company says
** YTD, FRAS stock up ~12.54%
($1 = 0.7389 pounds)
(Reporting by Megha Kumari in Bengaluru)