Published 09/12/2024 12:54:00 p.m.

John Lewis set for 'significantly higher' annual profit as half-year losses decrease

The John Lewis Partnership reported a 91% decrease in first half losses, indicating it is on track for "significantly higher" full-year profits.
The company posted a £5 million loss before tax for the six months to July 27, down from £57 million the previous year, with total revenue rising 2% to £5.2 billion.
CEO Nish Kankiwala stated, “These results confirm that our transformation plan is working” and expected profits to grow significantly for the full year.

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BBC News

John Lewis says recovery on track as losses narrow

Sales at its department stores fell in what it calls a "challenging market", but revenues at Waitrose grew.

09/12/2024 7:55:33 a.m.·United Kingdom

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Daily Mirror

John Lewis set to make 'significantly' higher profit as restructuring pays off

The group said while the consumer and economic backdrop was 'uncertain', it was confident of a marked improvement in underlying profits at the full-year stage

09/12/2024 8:44:43 a.m.·London, United Kingdom

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RTÉ

John Lewis on track for 'significantly higher' profits

UK retailer the John Lewis Partnership reported a 91% reduction in first half losses and said it was on track to deliver "significantly higher" full-year profit as its turnaround plan gathers pace.

09/12/2024 7:23:05 a.m.·Ireland

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Shropshire Star

John Lewis set for ‘significantly’ higher annual profits as overhaul pays off

The John Lewis Partnership has revealed sharply narrowed half-year losses and said annual profits would be “significantly” higher as its overhaul starts to bear fruit.

09/12/2024 6:36:18 a.m.·Ketley, United Kingdom

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Sky News UK

John Lewis set for 'significantly higher' annual profit as half-year losses decrease

While fewer people overall shopped at John Lewis some sections saw sales growth while Waitrose continued to increase customer numbers with record product availability.

09/12/2024 9:13:00 a.m.·United Kingdom

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Express & Star

John Lewis set for ‘significantly’ higher annual profits as overhaul pays off

The John Lewis Partnership has revealed sharply narrowed half-year losses and said annual profits would be “significantly” higher as its overhaul starts to bear fruit.

09/12/2024 6:37:07 a.m.·Wolverhampton, United Kingdom

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