Debenhams Group Hits 53M Pound EBITDA Target

Debenhams Group, the British online fashion retailer encompassing brands such as Debenhams, Boohoo, Karen Millen, and PrettyLittleThing, announced on Monday that it exceeded its financial targets for the year ended February 28, 2026, posting adjusted earnings before interest, taxes, depreciation, and amortization of 53 million pounds, a 36 percent increase from the previous year.

The results, driven by a 76 percent surge in adjusted EBITDA during the second half of the fiscal year, surpassed the company's upgraded guidance of 50 million pounds set in January. Group Chief Executive Dan Finley attributed the performance to the ongoing multiyear turnaround strategy, which includes shifting to a low-stock, capital-light marketplace model. "Our multiyear turnaround strategy continues at pace," Finley said in a statement. "We are pleased with the 76 percent increase in H2 adjusted EBITDA and 53 million full year adjusted EBITDA. This is significant progress, ahead of our plan, but there is still more to be delivered and we now focus on growth."

The company reported that gross merchandise value declines slowed for three consecutive quarters, narrowing to 5 percent in the three months...