FY26 EBITDA forecast raised Investing.com | 28/01/202610 Feb 2026 12:56
Debenhams Group shares jump after FY26 EBITDA forecast raised
Investing.com | 28/01/2026, 09:00:11
Investing.com -- Debenhams Group (LON:DEBS) shares rose more than 7% on Wednesday after the online fashion retailer raised its full-year earnings outlook, citing stronger-than-expected trading across its core brands and an accelerated turnaround at PrettyLittleThing.
The company said it now expects adjusted EBITDA for total operations of £50 million for the year to Feb. 28, 2026, up from previous guidance of about £45 million issued in November.
The upgrade reflects continued momentum at the Debenhams brand, improved performance at its youth-focused labels and progress on its transformation plan, the company said in a trading update.
“All our brands continue to trade profitably,” Debenhams Group said.
The company highlighted a material improvement in profitability at PrettyLittleThing (PLT), which had previously been held as an asset for sale. Given the turnaround and current trading performance, the brand will now be retained and reported within continuing operations for the current financial year.
“We are particularly pleased with the pace and scale of PLT’s turnaround and the resulting material improvement in profitability,” the company said.
Debenhams Group added that it is exploring significant licensing opportunities and continues to advance the sale of non-core assets, which it said would materially reduce net debt over the next 12 months.