Jan 20 (Reuters) - Britons splashed out on a bumper
Christmas, results from the country's biggest retailers show,
treating themselves to upmarket food, drink and clothes before
the sober reality of surging prices hits home in 2022.
Following is a summary of what major retailers have said so
far about their performance over the holiday season.
Britain's biggest retailer raised its profit outlook for the
second time in four months as it reported a rise in Christmas
sales despite a tough comparative with 2020 when spending was
boosted by a COVID-19 lockdown.
MARKS & SPENCER
Food and clothing retailer Marks & Spencer nudged up its
profit outlook after it reported a strong Christmas performance,
particularly in food, where it outperformed the market.
Online fashion retailer ASOS reiterated its already
downgraded outlook after supply chain constraints and volatile
demand limited sales growth in the four months to the end of
The UK's second biggest supermarket group raised its
full-year profit forecast by at least 9% after grocery sales
over the Christmas quarter beat its expectations, even though
they fell short of its stellar 2020 festive performance.
JD SPORTS FASHION
Britain's biggest sportswear retailer raised its annual
profit forecast for the second time in four months as shoppers
splashed out on sportswear during the holidays and U.S.
consumers spent their stimulus cheques on the latest trends.
The British homewares and furniture retailer reported record
Christmas sales, putting it on track to soundly beat profit
forecasts and lifting its shares.
The British arm of German discount supermarket group Lidl
said its sales rose 2.6% in the four weeks ending Dec. 26
year-on-year as it benefited from shoppers switching from other
The British arm of German discounter Aldi said its Christmas
performance was boosted by record sales of its premium range and
strong demand for beer, wine and spirits, with sales up 8.1%
Next raised its full-year profit outlook for a fifth time in
10 months after beating guidance for sales in the run-up to
Christmas, boosted by an unexpected revival in demand for adult
formal and occasionwear.
The food-to-go retailer said it anticipated its full-year
outcome would be slightly ahead of its previous expectations,
after reporting a 0.8% rise in like-for-like sales for its
fourth quarter compared to two years ago.
B&M European Value Retail forecast annual profit ahead of
estimates, following the discount retailer's decision to take
delivery of imported stock earlier than usual.
Electricals retailer Currys warned it faces
uncertain demand and more supply chain disruption in 2022, as it
trimmed full-year profit guidance by 3% after Christmas sales
were dented by a "challenging" technology market.
E-commerce company THG suffered another setback when it said
adjusted core earnings margin for 2021 would fall short of
expectations due to adverse currency movements, and remain under
pressure because of high prices for commodities such as whey.
Luxury brand Burberry said it looked to beat profit
expectations after full-price sales accelerated in the third
quarter, driven by a strong performance in outerwear and leather
goods and a material improvement in Asia and Europe.
Clothing retailer Primark said the lifting of COVID-19
restrictions in England had boosted its prospects after December
sales were dented by the rapid spread of the Omicron coronavirus
(Reporting by Muhammed Husain and Shanima A in Bengaluru
Editing by Keith Weir, James Davey and Mark Heinrich)