DFS has said that its strong trading performance from the previous financial year has continued into the new period.
The furniture retailer, which reported stronger trading in the final quarter of FY24, with year-on-year growth in order intake, has seen the positive trend persist.
In an update ahead of its annual general meeting today (22 November), DFS confirmed that order intake has remained in growth over the first 20 weeks of its current financial year, in line with expectations.
The business also highlighted its ongoing efforts to reduce costs, building on the progress made during FY24.
Despite the positive momentum, DFS posted a pre-tax loss of £1.7 m in its latest annual results, for the 53 weeks to 30 June 2024.
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In a separate announcement, DFS confirmed that Marie Wall will join the company as interim chief financial officer on 2 December.
Wall, who will report to CEO Tim Stacey, has a wealth of financial leadership experience, having previously held senior roles at Wolseley, Dixons Carphone, and most recently as deputy CFO at Imperial Brands.
This follows an announcement back in October that John Fallon would be stepping down from the role on 22 November and will leave the business on 17 January.
Stacey said: “I am very pleased to welcome Marie to our group. She is a strong addition to our leadership team bringing with her a wealth of financial leadership experience, as we pursue our growth strategy.”
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