John Lewis of Hungerford expects Q3 sales to be up on last year

John Lewis of Hungerford has reported that sales for the third quarter ended 31st May 2017 are expected to be around £1.96m (2016: £1.86m) around 5% higher than the previous year.

The Company also confirmed that the forward order book remains comparable with last year at £1.5m (2016: £1.5m), adding:

"As stated in our Interim Results, the second half year is traditionally our stronger trading period and we remain cautiously optimistic that we will achieve sales results broadly in line with the previous year, with two closed stores and a reduced cost base. However, our business remains sensitive to the prevailing market conditions and as such, uncertainty around the election and the Brexit negotiations could still affect consumer confidence. The board continues to monitor the situation closely."

At 1:12pm: (LON:JLH) John Lewis of Hungerford PLC share price was 0p at 1p