Debenhams Shares Jump as Turnaround Gains Pace

Debenhams beats FY guidance with £53m profit amid turnaround plan

Debenhams has forecast an adjusted EBITDA of £53m for its full-year results, marking a 36% increase year-on-year, while “comfortably ahead” of its previous guidance, as its multi-year turnaround strategy continues.  The group attributed this growth to a 76% rise in EBITDA in the second half of the year, while all brands “continued to trade profitably” over the year ended 28 February 2026.  It comes as the group continued to move towards an “incr…

Debenhams shares jump as turnaround gains pace

Shares in Debenhams bounced on Monday as the fashion giant reported better-than-expected performance as it said it is making “significant progress” on its turnaround. Debenhams Group, which was renamed from Boohoo last year, said its underlying earnings grew by 76 per cent in the last six months after the retailer slashed costs and revamped its tech.  The company’s share price rose as much as nine per cent on Monday’s market open, before stickin…

Boohoo’s turnaround continues ‘at pace’ – CEO

The boss of Debenhams Group has said the turnaround of the fashion retailer is ahead of plan as the focus now switches to growth. Debenhams Group is an online platform across five shopping destinations: Debenhams, Karen Millen, boohoo, MAN and PLT. In an upbeat trading update this morning, the board announced its forecast delivery of £53m adjusted EBITDA in the financial year to February 28th, 2026 – described as being ‘comfortably ahead’ of the…

Boohoo exceeds previous guidance with £53m EBITDA as turnaround gains pace

Boohoo group, which is rebranding around the Debenhams name, has delivered adjusted EBITDA of £53 million for the year to 28 February 2026, comfortably ahead of the £50 million it had previously guided and up 36% on the prior year. The improvement was driven largely by the second half, where adjusted EBITDA surged 76% year-on-year, […] The post Boohoo exceeds previous guidance with £53m EBITDA as turnaround gains pace appeared first on UK Invest…