23 January 2026 - trading update
The leading discount retailer has issued a mixed trading update for the 13 week period to 27 December. The bad news is that trading has been a little disappointing as the company has invested in its plan to reduce the number of product lines whilst trading at Heron Foods has also been disappointing. As a result the company has reduced its expectations for the year to 31 March 2026, with adjusted EBITDA now expected to be in the range £440m to £475m as against previous expectations of £470m and £520m. On the other hand the . . .
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