Company Earnings Update 3 minutesRegister for Free AccessDEBENHAM (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? Register for a free user account. This document was generated for Other research you may be interested in: How To Enhance the Customer Experience with Next-Generation Product Information Management and AIInnovator Profile: Two Boxes Enables Efficient, Intelligent and Environmentally Friendly Returns ManagementShowfields and Neighborhood Goods Store Closures Reveal Challenges to the Physical Concession ModelUS Black Friday 2023: Early Read—Store Traffic Exceeds Expectations Despite Lack of Doorbusters
