REG - John Lewis Of Hunger - AGM Statement <Origin Href="QuoteRef">JLH.L</Origin>

John Lewis of HungerfordAnnouncement

31/01/2017 10:25

RNS Number : 5941V
John Lewis Of Hungerford PLC
31 January 2017
John Lewis of Hungerford plc
AGM Statement
John Lewis of Hungerford plc (AIM: JLH), the manufacturer, designer and retailer of fitted kitchens, kitchen furniture and bedroom furniture, will hold its Annual General Meeting at 2 pm today at the Company's Head Office in Grove Technology Park, Downsview Road, Wantage, Oxfordshire OX12 9FA.
The Chairman, Gary O'Brien, will provide shareholders with the following update:
"We are pleased to report that sales in the 5 months to date have been in line with expectations. Sales for the half year, again as expected, will be slightly behind the corresponding period last year but that is with the closure of two underperforming stores. Excluding the closed stores our continuing stores are showing a LFL (like for like) sales growth of 2.3%.
With the reduced store base and the cost reduction activities that we announced in our Annual Report and Accounts there will be an improvement in the first half performance over last year, although we are still anticipating a loss in line with our expectations due to the seasonality of the business."
As the Company recently had a Shareholders Meeting, today's meeting will be for the sole purpose of transacting the business set out in the notice of the AGM.
Enquiries:
John Lewis of Hungerford plc
01235 774300
Gary O'Brien, Chairman
Smith & Williamson Corporate Finance Limited
Martyn Fraser
0117 376 2213
Katy Birkin
0207 131 4000
This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

This information is provided by RNS
The company news service from the London Stock Exchange
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