It comes after the chain has lowered its profit expectations twice this year
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. as economic conditions turned out to be tougher than it had expected.In its last update in June, DFS said it was anticipating underlying pre-tax profits for the year to the end of June to be up to £12 million lower than the prior year, when it generated just over £30 million.
Numerous retailers and suppliers have been affected by the rerouting of ships to avoid a series of attacks by Houthi rebels on cargo containers since late last year. Investors will be keeping an eye on any updates from the firm over the shipping issues and its plans to mitigate higher freight costs.
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