DFS Furniture – trading statement, is it here comes the consumer crunch?...
By Steve Moore | Thursday 9 June 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Describing itself as “the UK's leading retailer of living room furniture”, DFS (DFS) has issued a trading statement including that it has “increased our weekly production and delivered revenues progressively over Half 2, to record levels in the fourth quarter… expect to close the financial year with an order bank that is elevated by c. £30m or c. 2.5% of annual revenues relative to pre-pandemic levels… The group remains in a strong financial position with significant available headroom under our £215m bank facility”. So what of a current share price response to below 165p, 11% down!?
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