Company Earnings UpdateDebenhams (LSE:DEB) 3Q17 Update: Comparable Sales Growth Deteriorates Coresight Research June 28, 2017 Executive Summary UK-based department store chain Debenhams reported that gross transaction value declined by 1.0% year over year in 3Q17. Constant-currency comparable sales declined 2.4%. Following weak 3Q17 sales, the company expects to deliver FY17 profit before tax (PBT) within the current range of market expectations, but warned that PBT could be toward the lower end of the range. Gross margin guidance for FY17 was unchanged, whereas cost guidance tightened to a 3% increase, or a 1% increase in constant currency. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Three Data Points We’re Watching This Week, Week 24: Consumer Sentiment Improves: US vs. ChinaInnovator Profile: Scrollmark—Automating Social Engagement and Conversions Through Community-Led WorkflowsThe Sentiment Split: Optimism at the Top, Strain at the Bottom; Plus, Social Commerce Shopping in Focus—US Consumer Survey InsightsSector Focus: Department Store Shopping—Data Graphic
