Brown (N.) Group PLC announced sales results for the eighteen week period to December 31, 2016. For the period, the company's group revenue increased by 4.1% and product revenue increased by 5.9%.

The company provided earnings guidance for the full year of 2017. For the year, the company expects product gross margin guidance range narrowed to -100bps to -150bps (from -50bps to -150bps) due to focussed and planned promotions and Financial Services gross margin guidance improved to +75bps to +125bps (from +50bps to -50bps) due to continued improvement in the quality of the credit book. Depreciation & Amortisation is expected to be £28 million to £29 million for the full year of 2017. The company expects tax rate of 20%, net debt £280 million to £300 million, capex of £40 million for the year 2017 and this will result in a PBT benefit of £2 million for the full year of 2017.