DFS Furniture (GB:DFS) has released an update.
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DFS Furniture PLC reports a decline in year-over-year revenue by 9.3% amidst challenging market conditions, yet achieves cost savings and gross margin improvements. Despite a reported loss before tax of £1.7m, the company remains confident in its market leadership and anticipates a recovery in demand, underpinned by a robust cost efficiency plan and strong operational positioning. The company withheld its final dividend in response to the lower than expected full-year profit but maintains a positive outlook for future growth aligned with market consensus.
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