Company Earnings UpdateDEBENHAM (LSE: DEB) 1H18 Results: Profits Battered by Poor Christmas and Freezing Weather Coresight Research April 20, 2018 Executive Summary Debenhams reported a decline of 1.6% in group transaction value to £1.7 billion and a fall of 51.9% in underlying PBT to £42.2 million. Both are broadly in line with consensus, as recorded by S&P Capital IQ. The retailer attributed the poor performance to Christmas trading when it increased promotional activity and markdowns to keep pace with competitor discounting. Debenhams lowered its guidance for a decline in FY18 gross margin to (100) bps from (25) bps. The company now guides for FY18 PBT to be at the lower end of the £50–£61 million range. 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: High-Income Consumers’ Financial Sentiment Reaches New Peak; Facebook Slumps in Social Commerce: US Consumer Survey InsightsSeasonal Shopping, 2Q25—Expectations for Easter, Memorial Day, Mother’s Day, Father’s Day; Plus, Holiday 2025 Plans: US Consumer Survey Insights ExtraStretching Budgets and Shifting Choices: Navigating Back-to-School 2025—Data GraphicRolling Metric Improves This Week: Weekly US Consumer Sentiment, Week 41, 2025—Data Graphic
