likewise group plc said friday that it expects 2022 pretax profit to fall slightly short of market views because of unfavorable macroeconomic conditions though it also forecasts revenue to slightly exceed current market expectations the uk floorcoverings distributor said that despite higherthananticipated revenue it expects profit to miss because of unfavorable market conditions caused by russias invasion of ukraine uk political instability and a particularly hot summer the pace of investments and inflationary cost pressures have also persisted pretax profit is forecast to be around 38 million pounds 44 million according to two analyst forecasts taken from factset the company said that it now expects pretax profit margins to be around 2 and that consumer spending is likely to remain volatile into 2023 likewise said sales revenue has continued to progressively increase month over month after investments into sales representatives pointofsale and logistics infrastructure for the third quarter the company reported 23 organic revenue growth and 96 total revenue growth revenue for the year is expected to be around gbp1149 million according to the factset consensus