StockMarketWire.com - DFS Furniture kept its outlook on profit unchanged despite reporting a jump in sales even as it grappled with a challenging consumer environment. The company also reported that CFO Nicola Bancroft was set to retire.

'Our profit expectations for the full-year remain unchanged. We are however mindful of the risk of near-term political and economic uncertainty,' the company said.

For the five month trading period to 30 December, underlying gross sales grew 10%, while online gross sales rose 22%.

Performance had been supported during the period from orders placed by consumers who had 'deferred their purchase decisions from the fourth quarter of the prior financial year, given the hot weather at that time,' the furniture retailer also said.

'We are mindful of the broader political and economic uncertainty and the further risk this may pose to consumer confidence and lead times for the proportion of our made-to-order products that we source overseas,' it added.

Recently acquired Sofology had maintained its 'solid' underlying trading progress with good like-for-like growth, benefiting from five successful new store openings since the start of the prior financial year, the company also said. Mike Schmidt, currently Chief Development Officer, would become Interim Chief Financial Officer from 1 April 2019, the company confirmed.

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