Argos owner Home Retail warns full-year earnings will miss estimates
Retail giant said full-year earnings will miss analysts’ estimates, citing an uncertain outlook for the Christmas sales season
Argos owner, Home Retail Group, said full-year earnings will miss analysts’ estimates, citing an uncertain outlook for the Christmas sales season and higher investment in home delivery and store collection options.
The shares fell as much as 14 per cent.
Pre-tax profit will be slightly below the bottom end of analysts’ estimates ranging from £115 million (£157 million) to £140 million, the Milton Keynes-based company said. Home Retail had earnings of £132.1 million pounds in...
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