Currys Lifts Full-Year Profit Forecast to £191 Million as Shares Jump 12%
Updated
Updated · The Guardian · May 19
Currys Lifts Full-Year Profit Forecast to £191 Million as Shares Jump 12%
4 articles · Updated · The Guardian · May 19
Currys now expects full-year profit of £191 million, above its prior £180 million-£190 million range, after what it called very solid recent trading.
UK and Ireland underlying sales rose 3% in the year to May 2, while Nordic sales climbed 6%, helping the electricals retailer outperform a broader retail slowdown.
Shares led FTSE 250 gainers with a 12% jump as the company said trading had not been hit by fallout from the US-Israeli war on Iran.
Currys said its stronger balance sheet leaves it positioned to manage market volatility, pursue growth opportunities and keep returning capital to shareholders.
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