DFS reports growth despite “weak market environment”
Furniture retailer DFS has reported growth in revenue and profit despite the impact of a “weak market environment”.
In the 52 weeks to 29 June 2025, the company posted a pre-tax profit of £32.9 million compared to a loss of £1.7 million in the 53 weeks ended 30 June 2024.
Subscribe to TRBMeanwhile, underlying pre-tax profit rose to £30.2 million from £10.5 million a year earlier.
Revenue increased by 4.4% to £1.03 billion in the period as group order intake grew by 10.1% and 10.3% in the first and second half respectively.
DFS said revenue growth was lower than the reported order intake growth of 8.7% due to investment in its interest free credit offer, the impact of Easter falling later in the year, and a shift in customer orders to ranges with longer lead times.
Tim Stacey, DFS group chief executive, said: “I believe that our customer proposition has never been in better shape and that all elements of our vertically integrated business model are working efficiently and effectively, leading to record net promoter scores.
“Through focusing on what we can control and executing our strategy we have grown profits and cash flows in a weak market environment.
“This would not have been possible without the passion and dedication of our colleagues and I would like to sincerely thank them all for their hard work and support for our business.”
DFS said trading in the first 12 weeks of the new financial year was in line with expectations, adding that it was comfortable with market consensus. The company is expecting profit growth in FY26 despite a subdued market in the near term.
Stacey added: “We will continue to focus on what we can control and, even in a subdued market, we expect to grow our profit before tax in FY26 and further strengthen our balance sheet.
“When the market recovers we are well positioned to achieve strong growth and importantly profit and cash conversion and remain committed to achieving our medium term targets of £1.4 billion revenue and 8% PBT margins.”
