18 June 2024, 16:03
By Furniture News Jul 13, 2018

DFS suffers from weather and shipping issues in Q4

While DFS saw positive LFL order intake momentum in Q3, the hot weather – particularly over key trading weekends – has led to a significantly poorer performance to date in Q4.

Over the period, the retailer also experienced disruption to the ships bringing made-to-order products from the Far East, resulting in a decline in revenues of between -3% and -4% YoY.

EBITDA for the full FY is expected to be lower than last year, reflecting the timing of the arrival of products from the Far East before the financial year end. 

DFS says that previous investments in its supply chain and the recent acquisition of Sofology, together with progress expected at Dwell and Sofa Workshop, will provide benefits to earnings that it expects to help mitigate the current challenging sales environment.

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