LONDON (Reuters) - British furniture retailer DFS (L:DFSD) said its earnings would be at the lower end of forecasts after orders declined in April, May and June, reflecting an uncertain economic environment, an unexpected national election and warm weather.
The company, which mainly sells sofas, said revenue in its second half, which ended on July 29, fell 4 percent year-on-year, resulting in growth for the full year of 1 percent.
As a result, earnings before interest, tax, depreciation and amortisation would be at the low end of its 82 million - 87 million pound ($106-113 million) range, it said on Thursday.