Portmeirion Group, PLC (PMP.L), a retailer of homeware and fragrance products, Friday said it expects sales for fiscal 2024 to be about 90 million pounds, below market expectations, primarily impacted by supply chain disruptions as well as continued destocking in South Korea.
Consequently, profit before tax is expected at 1 million pounds for the year.
The company said its second half sales declined 7 percent on a like-for-like basis.
"Consumer confidence and spending levels remain challenging across our key markets of the US, Asia and UK. In South Korea, we have made progress in reducing high stock levels, but weak consumer and retailer confidence continue to impact trading in this region, " said Mike Raybould, Chief Executive.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.