Frasers withholds fiscal 2027 outlook due to Hugh Boss, Accent bids

(Sharecast News) - Sports Direct owner Frasers Group withheld guidance for the current financial year due to its bids for German fashion brand Hugo Boss and Australia's Accent group which mate it difficult to provide accurate forecasts. The Sports Direct owner on Thursday reported annual adjusted pre-tax profit of £538m, down 4% on the previous year, despite retail trading profit surging 22% to £912.5m.

However, it cautioned that it continued to feel the impact of tough trading conditions, subdued consumer confidence and industry-wide excess inventory levels through the second half of 2025/26 and into the start of FY27.

"These pressures are weighing on the entire sector, creating a prolonged and challenging environment," the company added.

Reporting by Frank Prenesti for Sharecast.com