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1. www.forbes.com › sites › roystonwildCurrys Shares Drop Despite FY Profits Rise, Improving Momentum

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   Jun 27, 2024 · At 72.2p per share, Currys’ share price was last 5.1% lower in Thursday business. Revenues dipped 4% to £8.5 billion in the 12 months to April, which the company attributed to "high inflation ...

2. www.currysplc.com › investors › results-reportsResults, Reports & Presentations - Currys PLC

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   We help everyone enjoy amazing technology.

3. www.cityam.com › currys-raises-profit-guidance-asCurrys shares soar to 14-month high after electrical retailer ...

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   May 14, 2024 · This figure would still be down from the £119m profit Currys reported in the previous year. Its earnings have been weighed down by lacklustre sales for much of its last financial year, especially ...

4. www.reuters.com › business › retail-consumerUK retailer Currys warns on profit as Nordic chill sweeps in

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   Dec 15, 2022 · Currys, previously known as Dixons Carphone, said it now expected full-year profit to be between 100 million and 125 million pounds ($124-$155 million), down from a previous forecast of 130-150 ...

5. www.ft.com › content › 4e47369b-fb6e-4716-a273-9d72aCurrys expects further falls in sales as inflation and rate ...

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   Jul 6, 2023 · Revenue was down 6 per cent to £9.5bn. Currys, which sells electronics in the UK, Ireland, the Nordics and Greece, has been cutting costs to strengthen its balance sheet and to try to keep prices ...

6. www.reuters.com › business › retail-consumerUK retailer Currys sticks to guidance after first-half loss

   www.reuters.com › business › retail-consumer

   Dec 14, 2023 · Shares up 10.5%. LONDON, Dec 14 (Reuters) - British electricals retailer Currys (CURY.L) stuck to its annual financial guidance as it reported a first-half loss in line with last year and said its ...

7. People also ask

   Why is Currys weighing down its earnings?

   • Currys’ earnings have been weighed down by lacklustre sales for much of the year. (Photo by Peter Dazeley/Getty Images) Currys has raised its earnings guidance for the last financial year, expecting a smaller dip in profit compared to the previous year as it enjoyed a return to sales growth in 2024.

   Currys shares soar to 14-month high after electrical retailer raises

   www.cityam.com/currys-raises-profit-guidance-as-sales-growth-returns-for-electrical-retailer/

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   Why did Currys' share price drop?

   • At 72.2p per share, Currys’ share price was last 5.1% lower in Thursday business. 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." On a like-for-like basis, sales were down 2% year on year.

   Currys Shares Drop Despite FY Profits Rise, Improving Momentum - For…

   www.forbes.com/sites/roystonwild/2024/06/27/currys-shares-drop-despite-fy-profits-rise-improving-momentum/

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   Why did Currys lower its profit forecast?

   • Currys (CURY.L) cut its full-year profit forecast on Thursday due to heavy discounting by rivals in the Nordics region, resulting in a first-half loss. This sent its shares as much as 10% lower.

   UK retailer Currys warns on profit as Nordic chill sweeps in

   www.reuters.com/business/retail-consumer/retailer-currys-cuts-annual-profit-outlook-after-half-year-loss-2022-12-15/

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   What is Currys' annual profit forecast?

   • Currys now expects its full-year profit to be between 100 million and 125 million pounds ($124-$155 million). Previously, it had forecast a profit of 130-150 million pounds.

   UK retailer Currys warns on profit as Nordic chill sweeps in

   www.reuters.com/business/retail-consumer/retailer-currys-cuts-annual-profit-outlook-after-half-year-loss-2022-12-15/

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   Does Currys have a profit estimate?

   • Currys said it was keeping its full-year guidance, which covers areas such as capital spending, cash flows and debt, but does not include a specific profit estimate. It ended the half year with net debt of 129 million pounds, with a first half cash outflow of 32 million pounds, down from 149 million pounds in the prior year.

   UK retailer Currys sticks to guidance after first-half loss

   www.reuters.com/business/retail-consumer/uk-retailer-currys-sticks-guidance-after-first-half-loss-2023-12-14/

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   Why is Currys cutting costs?

   • Currys, which sells electronics in the UK, Ireland, the Nordics and Greece, has been cutting costs to strengthen its balance sheet and to try to keep prices down. It will also more than halve its pension contributions from £78mn to £36mn over the next two years, the company said, after its deficit narrowed partly thanks to higher interest rates.

   Currys expects further falls in sales as inflation and rate rises bite

   www.ft.com/content/4e47369b-fb6e-4716-a273-9d72a14588e1

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8. www.ig.com › uk › news-and-trade-ideasCan Currys reverse its fortunes amid Thursday’s half-year ...

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   Dec 11, 2023 · The company has been hit by the decline in spending by UK consumers, as well as a decrease in consumer confidence and a price war with competitors in its Nordic region. Currys can benefit from the proceeds of approximately €200 million from its Greek business, which can be used to strengthen its balance sheet and reduce its net debt of £97 ...