DFS doubles profit but warns of ‘delicate’ consumer

Doncaster-based DFS Furniture plc said its first-half revenue increased 8.6% to £547.7 million in the 26 weeks to December 28, 2025, and profit before tax almost doubled to £30.3 million from £15.8 million.

An interim dividend of 1p per share has been declared.

On current trading and outlook, DFS warned: “Since the half year we have seen some softening in footfall linked to adverse weather conditions over the period and consumer confidence remains delicately balanced.

“We remain focused on executing our strategy and in combination with our disciplined approach to gross margin and cost management we are comfortable reiterating our guidance of full year PBTu(A) in the range of £43-50m.

“This assumes no material supply chain disruption resulting from current geo-political events impacting the timing of delivery of customer orders …

“The board remains confident in achieving our £1.4bn full year revenue and 8% PBT medium term targets.”

DFS CEO Tim Stacey said: “In summary, the first half performance was reflective of our strengthening business and the dedication of our colleagues across the group.

“We delivered robust financial results in a subdued market environment and improved our financial position.

“As we look to the second half of the year and beyond, we remain focused on executing our strategy, driving profitable growth, strengthening our balance sheet and delivering long term value for our shareholders, customers and colleagues.”