Made.com web site is seen on a smartphone in this illustration taken June 16, 2021. REUTERS/Dado Ruvic/Illustration
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LONDON, July 19 (Reuters) – British online furniture retailer Made.com (MADE.L) slashed its sales and earnings guidance for 2022, saying it did not expect an improvement in demand for big-ticket items any time soon.
The group said on Tuesday it expected full year gross sales to fall by 15% to 30%, having previously guided a flat to down 15% performance.
Made.com also forecast a core loss of 50 million pounds to 70 million pounds ($60-$84 million), versus previous expectations of a loss of 15 million pounds to 35 million pounds.
($1 = 0.8354 pounds)
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Reporting by James Davey; Editing by Kirsten Donovan
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