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Furniture seller DFS says weak demand to hit full-year profit
August 10, 2017 / 6:43 AM / in 5 months

Furniture seller DFS says weak demand to hit full-year profit

LONDON, Aug 10 (Reuters) - British furniture retailer DFS said its earnings would be at the lower end of forecasts after orders declined in April, May and June, reflecting an uncertain economic environment, an unexpected national election and warm weather.

The company, which mainly sells sofas, said revenue in its second half, which ended on July 29, fell 4 percent year-on-year, resulting in growth for the full year of 1 percent.

As a result, earnings before interest, tax, depreciation and amortisation would be at the low end of its 82 million - 87 million pound ($106-113 million) range, it said on Thursday.

$1 = 0.7705 pounds Reporting by Paul Sandle. Editing by Jane Merriman

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