ScS has reported a decline in profit amid challenging economic conditions.
The sofas, flooring and furniture chain recorded profit before tax of £6m for the 52 weeks to July, down from £16.4m in the prior year.
Underlying profit before tax for the financial year amounted to £7.2m, including a £1.9m loss from the Snug business acquired in January.
Gross delivered sales fell slightly to £343.5m, compared with £344.7m a year earlier.
ScS noted that trading has toughened at the start of its new financial year, with like-for-like order intake growing 2.7% in August, 0.3% in September and declining 4.4% in October.
Steve Carson, chief executive of ScS, described its performance as “resilient” and said the retailer has continued to take market share in a challenging environment.
“We remain cognisant of the challenging economic environment facing our customers which is expected to continue throughout FY24,” Carson added. “We therefore believe that continuing to focus on our value driven proposition is extremely important so that everyone is able to create the home they love.”
On Tuesday, it was announced that ScS would be acquired by Italian furniture retailer Poltronesofà in a deal valued at almost £100m.
ScS has 100 stores across the UK.
