Consensus

£m FY26 FY27 FY28
Total sales 12,723 12,985 13,441
 Min / Max 12,466 / 13,23312,713 / 13,57113,021 / 14,014
Total sales growth (%) 11.0% 2.1% 3.5%
 Min / Max8.8% / 15.5%0.5% / 3.9%1.6% / 5.3%
 LFL sales growth (%)-2.1% -0.7%1.3%
 Min / Max-2.5% / -2.0%-1.6% / 0.3%-0.1% / 2.8%
Profit before tax and adjusting items 850 834 891
 Min / Max844 / 856808 / 859812 / 998
Adjusted basic EPS (p) 11.37 11.38 12.50
 Min / Max10.63 / 11.93 10.55 / 11.9311.09 / 13.96
Dividend per share (p) 1.01 1.08 1.20
 Min / Max0.89 / 1.100.90 / 1.21 0.90 / 1.50
Free cash flow 357 434 495
 Min / Max132 / 468135 / 557147 / 642
Notes As of 13 February 2026
16 of 18 analysts included
(consensus estimates exclude stale forecasts from UBS and Kepler Cheuvreux)