Overview
- The company now expects underlying earnings of £50 million for the year to February 28, up from prior guidance of about £45 million and above last year’s £41.6 million.
- The board will retain PrettyLittleThing after a material improvement in its profitability and the momentum of its turnaround.
- Management said it will continue exploring disposals and licensing of non-core assets over the next 12 months to reduce net debt.
- Leaders cited ongoing strength in the Debenhams brand and a discernible improvement across youth labels, with all brands trading profitably.
- The group reported accelerated progress on transforming into a stock‑light, capital‑light online marketplace, and analysts said PLT is set to be a centerpiece of the fashion marketplace model.