DFS investors hope for good news after profit warnings

Yorkshire Post

Investors will be hoping to hear some reassurance from furniture giant DFS after the chain warned its profits are being squeezed by shipping delays and record low levels of demand among sofa-buyers.

Transcript

00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post and

00:06here are your business headlines for this morning.

00:11Investors will be hoping for some good news from the furniture giant, DFS, after Chain

00:15warned its profits are being squeezed by shipping delays and record low levels of demand among

00:20sofa buyers. The business will report its full year financial results on Wednesday.

00:27It comes after Chain has lowered its profit expectations twice this year as economic conditions

00:31turn out to be tougher than expected. In its last update in June, DFS said it was anticipating

00:37underlying pre-tax profits for the year's end of June to be up to £12m lower than the

00:43prior year, when it generated just over £30m.

00:48My name's Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.

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