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DFS profits plummet 22.3% in challenging environment

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DFS has said ongoing consumer uncertainty and the slump in the value of the pound since the Brexit vote has adversely impacted its full-year profits. READ MORE:  DFS warns of “significant declines” in footfall and orders In its 52-week period ending July 29, the furniture retailer’s profit before tax plunged 22.3 per cent to £50.1m while EBITDA fell 12.7 per cent to £82.4 million. However, gross sales climbed 1.1 per cent to £990.8 million and revenue edged up 0.9 per cent to £762.7 million

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DFS profits plummet 22.3% in challenging environment

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