Overview
- Currys raised full-year pre-tax profit guidance to £180m–£190m following stronger-than-expected festive trading, up to 17% above last year and ahead of forecasts.
- Group revenue increased 6% over the 10 weeks to January 10, with UK & Ireland up 3% and the Nordics delivering a standout 12% like-for-like rise.
- The retailer said its integrated online-and-store model drove the fastest growth where customers used both channels, helping it gain market share in both regions.
- Cash returns progressed through a £50m buyback, with £30m completed to date, alongside an interim dividend of 0.75p and total distributions nearing £75m this year.
- Shares rose about 5–6% in early trading as demand strengthened for AI-powered gadgets and services, though the CEO cautioned that consumers are hoarding cash and the UK tech market fell 2% over the peak period.