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Retail & Consumer

Sofology sales near £150m as profits slashed at owner DFS

DFS has owned the brand since 2017

Sofology is owned by DFS(Image: Sofology - Alchemist Sofa In Plush Cranberry)

Sales neared £150m at Sofology during the first half of its financial year, new figures have revealed.

Accounts for parent company DFS have confirmed the brand's revenue totalled £148.4m for the six months to December 25, 2022.

The figure is a 2.5% rise on the same period in 2021 and over 6% higher than during the same time in 2019.

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Its half-year gross profits also totalled £61.3m, up from £55.8m.

Parent company DFS, which bought the brand in 2017, reported a revenue of £544.5m from continuing operations, down from £556.5m.

Its reported pre-tax profits were also cut from £22.8m to £6.8m.

During its last full financial year, Sofology's sales jumped past the £300m mark.