Company Earnings Update 2 minutesRegister for Free AccessDebenhams (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? Register for a free user account. This document was generated for Other research you may be interested in: Social Commerce in Focus—Opportunity for TikTok; Apparel Captures Attention: US Consumer Survey InsightsRetail 2024: US E-Commerce Technology Trends—Generative AI, Retail Media and Other Revenue-Generating Opportunities To Transform the Online LandscapeUS Black Friday 2023: Early Read—Store Traffic Exceeds Expectations Despite Lack of DoorbustersWeinswig’s Weekly: Is the Metaverse Dead for Retail?
