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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  DFS Furniture plc    DFS   GB00BTC0LB89

DFS FURNITURE PLC

(DFS)
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DFS Furniture : UK's DFS Furniture says performing significantly ahead of expectations

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08/25/2020 | 03:55am EDT

British retailer DFS Furniture Plc said on Tuesday its performance over the last six weeks was significantly above of its initial expectations, generating an additional 100 million pounds ($130.80 million) in revenue for the year.

Shares in the company were seen rising nearly 5% according to premarket indicators.

The company said trading performance reflected a combination of factors including higher consumer spending on homes, latent demand caused by lockdowns and its strategy to drive sales through hybrid digital and physical retail offering.

The company said while the year had started strongly, some consumers may be bringing forward spending decisions, which could hit sales later in the financial year.

It also added that significant uncertainty related to COVID-19 and the potential impact of Brexit exists, making it "exceptionally" difficult to assess the outlook beyond the short term.

"DFS is probably £100 (million) ahead of where it is expected to be in sales ... Customers are turning up in good numbers ... and they are not being shy with AOV (average order value) either," Peel Hunt analysts said.

The company said it recorded year-on-year order intake growth over the last six weeks that was equivalent to around 70 million pounds of revenue.

(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Rashmi Aich and Anil D'Silva)


Stocks mentioned in the article
ChangeLast1st jan.
DFS FURNITURE PLC 1.37% 203.2477 Delayed Quote.-30.62%
EURO / BRITISH POUND (EUR/GBP) -0.25% 0.9004 Delayed Quote.6.97%
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Financials
Sales 2021 1 088 M 1 409 M 1 409 M
Net income 2021 79,4 M 103 M 103 M
Net Debt 2021 593 M 768 M 768 M
P/E ratio 2021 6,46x
Yield 2021 1,99%
Capitalization 512 M 661 M 663 M
EV / Sales 2021 1,02x
EV / Sales 2022 1,10x
Nbr of Employees 3 000
Free-Float 98,6%
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Technical analysis trends DFS FURNITURE PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Average target price 256,67 GBX
Last Close Price 200,50 GBX
Spread / Highest target 64,6%
Spread / Average Target 28,0%
Spread / Lowest Target -10,2%
EPS Revisions
Managers
NameTitle
Timothy Giles Stacey Group Chief Executive Officer & Director
Ian Charles Durant Non-Executive Chairman
Scott Fishburn Chief Operating Officer
Michael Schmidt Group Chief Financial Officer & Director
Russell Harte Director-Group Technology
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