GUS tops forecast despite profit fall; shares advance

Article Abstract:

Great Universal Stores (GUS) posted higher-than-expected pretax profits for the year ending on March 31, 1999. As a result, the company's share value increased by 5.4% on June 17, 1999. GUS reported 513.6 million pound sterling in annual pretax profits before exceptional items. This figure arrived at high-end of what analysts had predicted. In 1997, GUS posted 555.1 million pound sterling.

Comment:

Posts higher-than-expected pretax profits for year ending March 31, 1999

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GUS reports 12% pretax profit decline

Article Abstract:

Article discussing the 12% pretax profit decrease for the first half ended September 30, 1999, posted by Great Universal Stores PLC (GUS). GUS, which blamed its poor results on its U.K. home-shopping unit, warned that full-year profits would be below expectations.

Apparel & Shoe Stores, Clothing and Clothing Accessories Stores, Brief Article

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Argos drove growth at GUS in first half

Article Abstract:

Great Universal Stores PLC posted an increase of 11% in its same-store sales for the first half of 2000. The company's total store sales increased 14% compared to the year before.

Catalog and mail-order houses

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