The owner of Boohoo and Debenhams has said it is on track for better-than-expected annual earnings, and hiked its guidance for the year to next February as its turnaround gathers steam.
Debenhams Group, which was renamed from Boohoo last year, said it now expects underlying earnings to rise by 36% to £53 million for the year to February 28, with the better-than-forecast performance thanks to a 76% surge in the final six months.
