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DFS worried about profit deferral because of Red Sea delays

DFS, a prominent British sofa retailer, has recently revised its sales and profit forecasts for the fiscal year amidst concerns over potential disruptions in the Red Sea region. Despite demonstrating resilience in its profit performance during the first half of the year, the company has cautioned investors about the impact of ongoing conflicts on its future operations.

Photo © Roy Hinchliffe |

'If the Red Sea issues continue through to our year end, potential delivery delays could result in up to £4m of profit being deferred into our following financial year,' the brand says.

With a 10 percent decline in orders, the upholstery market has been more challenging than expected. However the DFS still reported an underlying pre-tax profit of £8.7 million for the 26-week period ending December 24, 2023. Despite the market challenges, the company expressed confidence in its market position, emphasising its efforts enhance customer service, implement cost controls, and drive efficiency gains.


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