Company Earnings Update 2 minutesRegister for Free AccessDebenhams (LSE:DEB) 1H17 Results: Continued Lackluster Sales and Profitability Erosion Coresight Research April 21, 2017 Executive Summary UK-based department store chain Debenhams reported gross transaction value sales of £1,677 million for 1H17, up 2.9% year over year, but below the consensus estimate of £1,681 million. The company’s 1H17 statutory revenues came in at £1,351 million, up 1.8% year over year for the 26 weeks ended March 4, 2017. Group comparable store sales increased by 0.1% year over year on a constant currency basis. UK reported revenues were down0.3% and UK comparable store sales declined by 1.3%. The company’s gross margin contracted by 30basis points in 1H17, to 14.2%, and underlying EPS decreased by 6.5% year over year. For FY17, the company lowered its gross margin guidance to (25) basis points from (25)–25 basis points previously and raised its total cost increase forecast to 3%–4% from 2%–4% previously. The company did not provide sales guidance. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Five Key Strategies for CPG Companies to Tackle Inflation and Changing Consumer Behavior in 2023Consumers Dine Out at Record-High Rates: US Consumer Survey InsightsAugust 2023 US Retail Traffic and In-Store Metrics: Apparel Sector Registers Strongest Growth Amid Store-Based Traffic DeclineChina Consumer Tracker: Consumer Sentiment Remains Volatile