DFS shares up on strong sales

DFS has reported strong results as sales were up 10% compared to the same period in 2019.

Sales remain 2% lower than in 2020, where there was a surge in people carrying out home improvements over the lockdown.

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Chief executive Tim Stacey said: “While the market remains hard to predict, we believe our scale, brand strength and integrated retail strategy will allow us to drive market share gains ahead of the competition.”

“Looking ahead we will continue to invest in our digital platforms and our showrooms, our delivery network, our UK manufacturing capacity, and with expansion into other home categories, we are well positioned to succeed.”

Shares in the group jumped 3% in morning trading.

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