Debenhams 15-week LFL Sales Down 1.7%; Sees FY Pretax Profit Below Consensus
Markets2018-06-18
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Debenhams plc (DEB.L) announced, against a background of increased competitor discounting and weakness in key markets, the Group's trading in May and early June has been below plan despite weak comparatives. For the 15 weeks to 16 June 2018, group like-for-like sales were down 1.7%; in constant currency like-for-like sales were down 2.2%. For the 41 weeks (financial year to date) to 16 June 2018, group like-for-like sales were down 2.1%; in constant currency like-for-like sales were down 2.6%.
Source: RTTNews
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