DFS posts strong sales

DFS shares fall on H1 results

DFS shares rose this morning after the group posted strong sales.

Sales were up 10% compared to the same period two years earlier. Sales were down 2% compared to the same period in 2020.

“While the market remains hard to predict, we believe our scale, brand strength and integrated retail strategy will allow us to drive market share gains ahead of the competition,” said the chief executive.

“Looking ahead we will continue to invest in our digital platforms and our showrooms, our delivery network, our UK manufacturing capacity, and with expansion into other home categories, we are well positioned to succeed.”

Shares jumped 3% in morning trading.