Supply Chain Council of European Union | Scceu.org
News

Retailer AO World warns on outlook amid weak demand, supply chain woes

April 29 (Reuters) – Electricals retailer AO World Plc (AO.L) on Friday cautioned that its near-term revenue and profit outlook could be hit by inflationary pressures, supply chain logistical challenges and the rising cost-of-living crisis.

The London-listed company forecast lower core earnings for the year ended March 31, due to weaker consumer demand and higher costs.

Register now for FREE unlimited access to Reuters.com

Reporting by Shanima A in Bengaluru; Editing by Sherry Jacob-Phillips

Our Standards: The Thomson Reuters Trust Principles.

Related posts

Supply chain, logistics, procurement & tech news round-up

scceu

California port director discusses supply chain trends

scceu

Supply chain is the engine at the heart of Nutrabolt

scceu