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Frasers Group keeps 2026 profit forecast despite a dip in first-half profits, driven by international growth and cost control.
Frasers Group maintained its full-year profit forecast for 2026, expecting adjusted pretax profit of £550 million to £600 million, despite a 2.8% drop in first-half adjusted profit to £290.9 million.
Revenue rose 5% to £2.58 billion, fueled by a 42.8% increase in international sales and improved margins, particularly at Flannels.
The company cited ongoing inventory pressures, weak consumer confidence, and higher interest costs as challenges.
While statutory profit nearly doubled due to one-off gains, the group emphasized its resilience through international expansion, brand partnerships, and cost management.
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Frasers Group mantiene la previsión de ganancias de 2026 a pesar de una caída en las ganancias del primer semestre, impulsadas por el crecimiento internacional y el control de costos.