DFS Profit Forecast Adjusted Due to Red Sea Crisis Trade Woes

Wednesday, 12 June 2024, 10:53

DFS, the sofa retailer, has revised its expected pre-tax profits to in light of the ongoing challenges from the Red Sea crisis. The company now predicts profits to range from £10 million to £12 million, a significant adjustment from the previous estimate of £20 million to £25 million. This change reflects the persistent hurdles faced by DFS in the current market environment.

https://store.livarava.com/2b4d5da3-292c-11ef-ab75-0d95d4a28fb2.jpg — DFS Profit Forecast Adjusted Due to Red Sea Crisis Trade Woes

DFS Issues Revised Profit Forecast

The sofa retailer, DFS, has adjusted its anticipated pre-tax profits for the 53-week period ending June. The company now expects profits to be in the range of £10 million to £12 million, as opposed to the previous guidance of £20 million to £25 million.

Ongoing Trade Impact from Red Sea Crisis

This adjustment comes amidst ongoing challenges in trade due to the Red Sea crisis, which has significantly affected DFS's performance in the market. The company is facing hurdles that have necessitated this updated profit warning.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.