Debenhams

Debenhams stock jumps despite drastic fall in profits

Department store group Debenhams reported a steep decline in profits, but the poor performance could not shake investors' trust in the group.

Debenhams announced that its pre-tax profits slipped 25 per cent year-on-year to £85.2 million in the 26 weeks through 1 March, 2014. The decline was in line with the warning that it had issued in late December.

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Debenhams Post Profits Better than Expectations

The chain of departmental stores, Debenhams have recorded a growth of 20% in profits over the last year. The group, which has 150 departmental stores across the UK, stated that the amount of profits that have been recorded have come about to be £150m, which is far better than expectations.

The boost in profits has been due to an increase in the number of sales and a greater profit margin. Debenhams high profit margins have been fuelled by the increase of the stock at its own brands, which obviously made profit margins, widen.

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Debenhams witness profit plunging up by 20 percent

Debenhams, which is the No.2 department store group, expressed that the yearly profit might be somewhat to the lead of analysts' common prediction, aided by a pickup in fourth-quarter sales and higher profit margins.

The group said on Tuesday profit before tax and one-off items for the year finished by August 28 might be in the province of 150 million pounds.

That might be moving up approximately by 20 percent from the year ahead of and on

ly to the fore of analysts' average forecast of 147 million pounds.

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Debenhams crafting the boundaries high

Debenhams has effectively decided to support financially £650m of debt forward of the schedule, a step for which the analysts expressed that it might move forward for the group making out dividends again since next year.

The department store group expressed that the latest deal which shall commence in the month of April 2011 amidst its offered facility terminates might entails a £250m loan and £400m gyrating credit facility.

Further the interest bills are all set to dwindle from 7% to 4.5%, and the £10m of allied finance costs might be capitalized.

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Debenhams Enthusiastically Acclaims it’s Rising Profits

Department store group Debenhams overhauled market expectations for its Christmas trading figures, on the back of an unusually cold weather and uncertainty in the consumer environment, as it sticks to focus on regulating gross margins.

The chain claimed that the 0.1% improvement in like-for-like sales for the 18 weeks to January 2 was on the same track with internal forecasts, despite of the fact that the growth was restricted by its decision to get rid of concessions into own-bought merchandise.

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