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- Revenues dipped 4% to £8.5 billion in the 12 months to April, which the company attributed to "high inflation and rising interest rates [that] caused weak consumer confidence and depressed demand."
www.forbes.com/sites/roystonwild/2024/06/27/currys-shares-drop-despite-fy-profits-rise-improving-momentum/Currys Shares Drop Despite FY Profits Rise, Improving Momentum
Jul 6, 2023 · Electronics retailer Currys has revealed a dip in sales and profits as it cautioned the economic backdrop remains uncertain. Chief executive of the business Alex Baldock said it is...
- Henry Saker-Clark
Jul 6, 2023 · Electronics retail giant Currys has warned of reduced consumer spending as inflation and interest rates hit shoppers - as it revealed a dip in sales and profits. "Looking ahead, we're wary of optimism about consumer spending power," its chief executive said in the company's end of year results.
- Sarah Taaffe-Maguire
- 4 min
Dec 14, 2023 · Currys has maintained its profit guidance despite posting a first-half loss and declining sales. The electricals retailer made an adjusted pre-tax loss of £16m, which it said was in line...
Jan 18, 2023 · Currys UK and Ireland delivered better than expected profits over Christmas to offset struggling international business. The group’s like for like sales slumped 6% in the 10 weeks to 7...
Jul 6, 2023 · Electronics retailer Currys has revealed a dip in sales and profits as it cautioned the economic backdrop remains uncertain. Chief executive of the business Alex Baldock said it is trading in a tough environment as it battles “depressed demand, high inflation and unforgiving competition”.
UK&I sales declined 1.9% to £4,970m while Nordics slid 8% to £3,506m ; Group online sales dipped around 1.6% to £3,182m ; Back in the black at pre-tax level following divestment of Greek business ; For latest financial results, click here; Group sales at Currys declined 10.9% to £8,476m in the latest financial year to 27 April 2024 (FY2023).
