Frasers Group (GB:FRAS) has released an update.
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Frasers Group has reported continued progress in its Elevation Strategy, showcasing growth in Sports Direct UK and international expansion efforts, despite a slight dip in adjusted profit before tax. The company has achieved significant cost savings through automation and integration of acquisitions, while also forming new global brand partnerships and expanding its property investments. However, a decrease in retail revenue and challenges in consumer confidence have led to adjustments in profit expectations for the fiscal year.
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