skip to main content
Find Insight DIY on
* * *


The week ahead - Home Retail Group

Home Retail Group, owner of Argos and Homebase, will also announce full-year results on Wednesday. There was little cheer to be found in March’s fourth-quarter update. Management guided full year pre-tax profit expectations down, noting ‘there were clear signs of further pressures on consumer spending, with recent trading conditions, particularly at Argos, proving to be more difficult and volatile than anticipated’. As for the coming results, sales of £5.85 billion are forecast (down 2.73% year-on-year), with a pre-tax profit of £251 million expected (down 14.2% year-on-year). Market opinion currently denotes a sell.

Source : Keith Bowman - Hargreaves Lansdown

15 April 2011
view more UK DIY News

Insight provides a host of information I need on many of our company’s largest customers. I use this information regularly with my team, both at a local level as well as with our other international operations. It’s extremely useful when sharing market intelligence information with our corporate office.

Paul Boyce - European CEO, QEP Ltd.

Don't miss out on all the latest, breaking news from the DIY industry