Analysts predict £370m profit for John Lewis Partnership
The John Lewis Partnership, the parent organisation behind John Lewis and Waitrose, is expected to reveal profits of £370m on Thursday 6 March with analysts predicting the growth thanks to one of the most successful Christmas trading periods in its history.
During the 2013 festive period, John Lewis said December 23 was its busiest ever trading day and ended the season with a like-for-like sales growth of 6.9 per cent. Similarly, Waitrose reported a 3.1 per cent rise.
Analysts have projected that on Thursday the organisation will reveal a 7.5 per cent increase in pre-exceptional and pre-tax profits to £370m for the year to the end of January.
It comes as part of ambitious expansion plans for Waitrose in 2014. This year it plans to open 40 new branches, including 23 little Waitrose shops.
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