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- Dec 15 (Reuters) - British electricals retailer Currys (CURY.L) cut its full-year profit forecast on Thursday after heavy discounting by rivals in the Nordics region drove it to a first-half loss, sending its shares as much as 10% lower.
www.reuters.com/business/retail-consumer/retailer-currys-cuts-annual-profit-outlook-after-half-year-loss-2022-12-15/UK retailer Currys warns on profit as Nordic chill sweeps in
Dec 15, 2022 · Technology retailer Currys has sunk to a loss and downgraded its full-year profit expectations, as shoppers opt for cheaper items and hunt for deals amid cost pressures.
- Anna Wise
Dec 15, 2022 · Currys has cut its annual profit outlook after posting a half-year loss, weighed down by its international markets as a deepening cost-of-living crisis forces customers to limit their...
Dec 15, 2022 · Technology retailer Currys has sunk to a loss after lower demand left competitors with excess stock, leading to heavy discounting across rival stores. However, profits in the UK and Ireland...
Dec 15, 2022 · Electrical retailer Currys cut its annual profit outlook on Thursday after reporting a half-year loss as a deepening cost-of-living crisis forces customers to cut down on non-essential...
Dec 15, 2022 · The charge resulted in a headline loss of £548mn against a profit of £48mn last year, on sales of £2.29bn — down 10 per cent.
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Apr 27, 2024 · A year-on-year gross margin increase of +190bps has returned margins to the level of two years ago while cost savings have largely offset the impact of inflation. Group operating cash flow was broadly flat YoY as the small improvement in adjusted EBIT was offset by lower depreciation.
