DFS (LON: DFS) posted strong results on Tuesday morning after the retailer saw a growth in revenue and demand following the lockdown.
Demand over the past six weeks has surged and totals revenues of around £70mn – higher than the group’s initial expectations.
Despite the growth in revenues, the retailer remains cautious around Brexit and the pandemic.
“The financial year has started strongly, however, we do note that significant uncertainty related to Covid-19 on UK consumer confidence and the potential impact of Brexit exists and it is exceptionally difficult to assess the outlook beyond the short term,” said the group.
“While positive trading momentum currently remains we do note that some consumers may be bringing forward spending decisions and this may impact trading later in the financial year.”
