Flash ReportDebenhams (LSE: DEB) 1H16 Results: Pretax Profit Up 5.5%, CEO Confirms Exit Coresight Research April 14, 2016 Executive Summary British department store chain Debenhams reported revenue of £1,327 million for 1H16 (ended February 2016), up 0.1% from 1H15. Gross transaction value (GTV) grew by 1.6% year over year, to £1,629 million, broadly in line with consensus. Basic and diluted EPS was 6.2 pence, up 5.1% from 5.9 pence in the same period in FY15 and in line with consensus. The company confirmed that CEO Michael Sharp will resign this year. Management added that it remains on track to deliver full-year results in line with market expectations. Debenhams also reiterated its FY16 guidance of gross margin growth of flat–50 basis points, among other figures. 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: Financial Sentiment Falls Despite Supreme Court Move to Strike Down Tariffs: US Consumer Survey InsightsUS Retail Sales Outlook—Preview: Latest Retail Projections in the Absence of Government DataUS Back to School 2025, Part 1: Early Shopping, Tariff Worries and Strategic Choices Shape BTS 2025CES 2026: Retail Track Wrap-Up—Search, Experiences, Technology and Social Media
