Today’s news in brief-17/4/25
Sainsbury’s has forecast flat profits for the coming year, expecting operating profit to drop to around £1bn, below market expectations, despite a 7.2% rise in FY25 profits to £1.036bn. Revenue grew 1.8% to £32.81bn, with grocery sales up 4.2%, though Argos saw a 2.7% decline. The supermarket plans to continue price cuts amid competition, anticipating a £36m profit dip, while expanding its Nectar Prices scheme, now covering over 9,000 products. CEO Simon Roberts highlighted strong market share gains and customer loyalty, with Nectar360 boosting digital and in-store retail media.
Dunelm reported a 6.3% sales rise to £462m in Q3, driven by strong furniture sales and successful Spring/Summer ranges. Digital sales accounted for 41% of total revenue, supported by AI-powered search and growing Click & Collect demand. The retailer opened two new stores and plans five more this year, with FY25 profit before tax expected to reach £208m. CEO Nick Wilkinson praised the brand’s value and quality appeal, alongside expansion into new store formats and digital enhancements.
Revolution Beauty CEO Lauren Brindley will step down on 31 May to join Ulta Beauty as chief merchandising and digital officer. Interim CEO Colin Henry, a current non-executive director, will lead during the transition. Chairman Alistair McGeorge credited Brindley for strengthening the company’s strategy and operations. Brindley expressed confidence in Revolution Beauty’s future, citing its Masterbrand focus and core product portfolio as key growth drivers.
Deliveroo posted a 9% increase in Q1 gross transaction value (GTV) to £1.87bn, with orders up 7% to 72.6m. Revenue rose 8% to £518m, though take rates dipped slightly due to consumer value investments. Both UK and international markets saw growth, led by strong performances in the UAE and Italy. The company maintained its FY25 guidance, forecasting high single-digit GTV growth and adjusted EBITDA of £170m-190m. CEO Will Shu highlighted accelerating order volumes and active users, despite macroeconomic uncertainties.