Company Earnings Update 2 minutesRegister for Free AccessDebenhams (LSE:DEB) FY17 Results: Weak Sales and Margin Performance Coresight Research October 27, 2017 Executive Summary UK-based department store chain Debenhams reported gross transaction value sales of £2,954 million for FY17, up 2.0% year over year, and above the consensus estimate of £2,947 million. FY17 statutory revenues came in at £2,335 million, up 1.1% year over, and group comparable-store sales decreased 0.2% year over year on a constant-currency basis. UK reported revenues were down by 0.7% and UK comparable-store sales were flat year over year. The FY17 gross margin contracted by 50 basis points to 12.4% and underlying EPS decreased by 14.7% year over year. For FY18, Debenhams forecasts gross margin erosion of 25 bps year over year and an increase in total costs of 1.0%–2.0% year over year. Management did not issue sales guidance. 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: Weak Demand Hampers 6.18 Shopping Festival: China Consumer TrackerWeekly US and UK Store Openings and Closures Tracker 2023, Week 6: UK Closures Up 65%Amazon Regains Food Shoppers; Dollar Tree Jumps to Third Place for Nonfood: US Consumer Survey InsightsMarket Outlook: UK Home-Improvement Retailing—Easing Market Conditions and Pent-Up Demand To Support Sales Growth