DFS Furniture PLC (LON:DFS) said trading has been significantly ahead of initial expectations in the past six weeks since reopening after the coronavirus pandemic lockdown.
The retailer said trading benefitted from consumers spending more on their homes compared to other sectors, alongside with pent-up demand following lockdown, although many people may still be postponing big purchases amid the crisis.
READ: DFS Furniture slumps to loss but orders soar after reopening
The sofa seller said year-on-year order intake growth in the period was equivalent to £70mln of revenues, which added to its previously announced opening order book that will generate a further revenue benefit of £100mln.
Last month, the retailer said revenues for the year to June 28, 2020, were estimated to be £725mln.
"Customers are turning up in good numbers, and spending: conversion is high and trading up is common," analysts at house broker Peel Hunt commented.
"There will doubtless be a bit of pull forward of trade, so expecting such sales to persist in the second half or be matched in financial year 2022 is too optimistic, but either way it seems clear that the DFS/Sofology offers are second to none."
Shares shot up 15% to 172.6p on Tuesday at the opening bell.
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