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UK's Debenhams Group returns to growth in first quarter - Finance news and analysis from Global Banking & Finance Review
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UK's Debenhams Group returns to growth in first quarter 

Published by Global Banking & Finance Review

Posted on June 3, 2026

1 min read

· Last updated: June 3, 2026

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Debenhams Reports Q1 Growth and Reaffirms Annual Profit Outlook

Q1 Performance and Financial Outlook

Return to Growth in First Quarter

June 3 (Reuters) - British fashion retailer Debenhams on Wednesday said it returned to growth in the first quarter, with gross merchandise value up 0.5%, and reaffirmed expectations for double-digit percentage growth in annual adjusted core profit.

Gross Merchandise Value Increase

Annual Adjusted Core Profit Expectations

(Reporting by Raechel Thankam Job in Bengaluru; Editing by Sonia Cheema)

Key Takeaways

  • Gross merchandise value edged up 0.5% in Q1, marking a return to growth amid challenging non‑food retail conditions (uk.investing.com)
  • FY26 adjusted EBITDA rose 36% year‑on‑year to £53m, supported by cost reduction and a shift to a marketplace model (uk.investing.com)
  • Net debt fell to £90m (under 2× adjusted EBITDA), with plans to reduce it below 1× by end‑FY27, underpinning confidence in continued profitability expansion (uk.investing.com)

References

Frequently Asked Questions

How much did Debenhams' gross merchandise value increase in Q1?
Debenhams' gross merchandise value increased by 0.5% in the first quarter.
What is Debenhams' outlook for annual adjusted core profit?
Debenhams expects double-digit percentage growth in its annual adjusted core profit.
Which sector does Debenhams operate in?
Debenhams operates as a British fashion retailer.
When did Debenhams report its return to growth?
Debenhams reported its return to growth in the first quarter, as announced on June 3.

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