The bankruptcy of UK high street retailer House of Fraser dented XPO Logistics’ quarterly profits to the tune of some $15m, according to the latest financial report released late yesterday.
“The company has updated its full-year 2018 target for adjusted ebitda to approximately $1.58bn, from at least $1.6bn. The revised target for adjusted ebitda primarily reflects the impact of a customer bankruptcy in the third quarter. The company has reaffirmed its 2017–2018 …
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Source: The Loadstar