Retail Week looks ahead to the next seven days in the industry with updates from Tesco, ScS, DFS and Dunelm all on the agenda.
ScS
The sofa and carpet retailer reports its full-year results on Tuesday. In its interim results in April, ScS reported ‘significant’ growth in total order numbers and recorded a 14.8% uplift in full-year like-for-likes in its trading update in August.
The retailer raised its full-year profit expectations after strong Christmas sales, which remained unchanged as boss David Knight said Brexit had not impacted trading.
Tesco
The big four grocer posts its interim results on Wednesday. It will hope to continue the momentum of its full-year results in April, when its pre-tax profits swung back into the black.
Tesco has continued to dispose of non-core assets in recent months in a bid to focus on its core supermarket business and strengthen its balance sheet, but that latter aim is set to be dented by a ballooning pension deficit.
DFS
The furniture specialist posts preliminary results on Thursday. In March, the retailer reported a 12.3% rise in EBITDA at the half-year stage and in its full-year trading update in August posted a 7% rise in sales.
The City will be watching to see whether DFS’s growth initiatives, which include bricks-and-mortar expansion in the UK and aboard, have continued to bear fruit.
Dunelm
The homewares retailer updates the market with its first-quarter trading performance on Thursday.
Dunelm posted a 6.2% rise in pre-tax profits to £128.9m earlier this month, as like-for-like sales were up 1% during the same period, and plans to open three new stores in London.
No comments yet