TIDMJLH

RNS Number : 5941V

John Lewis Of Hungerford PLC

31 January 2017

John Lewis of Hungerford plc

AGM Statement

John Lewis of Hungerford plc (AIM: JLH), the manufacturer, designer and retailer of fitted kitchens, kitchen furniture and bedroom furniture, will hold its Annual General Meeting at 2 pm today at the Company's Head Office in Grove Technology Park, Downsview Road, Wantage, Oxfordshire OX12 9FA.

The Chairman, Gary O'Brien, will provide shareholders with the following update:

"We are pleased to report that sales in the 5 months to date have been in line with expectations. Sales for the half year, again as expected, will be slightly behind the corresponding period last year but that is with the closure of two underperforming stores. Excluding the closed stores our continuing stores are showing a LFL (like for like) sales growth of 2.3%.

With the reduced store base and the cost reduction activities that we announced in our Annual Report and Accounts there will be an improvement in the first half performance over last year, although we are still anticipating a loss in line with our expectations due to the seasonality of the business."

As the Company recently had a Shareholders Meeting, today's meeting will be for the sole purpose of transacting the business set out in the notice of the AGM.

 
 Enquiries: 
 
 John Lewis of Hungerford plc                    01235 774300 
 Gary O'Brien, Chairman 
 
 Smith & Williamson Corporate Finance Limited 
                                                 0117 376 
 Martyn Fraser                                    2213 
                                                 0207 131 
 Katy Birkin                                      4000

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 31, 2017 05:24 ET (10:24 GMT)

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