26th Jan 2016 07:18
LONDON (Alliance News) - Dixons Carphone PLC on Tuesday said it expects pretax profit for its full financial year to be slightly ahead of consensus after achieving growth in line-for-like revenue over the key Christmas trading period.
The electronics retailer said group like-for-like sales at constant currency rose 5% in the 10 weeks to January 9, with a record Black Friday in late November. Dixons said it now expects group headline pretax profit for the full year to May to be within the range of GBP440 million and GBP450 million, which is slightly ahead of consensus.
Dixons added that the Sprint store trial in the US was successful and that it has signed an agreement with Sprint to fully activate the joint venture for a targeted 500 stores.
In the UK, Dixons said it will launch its 3-in-1 store concept across the whole market, which will involve merging the remaining PC World and Currys stores and inserting a Carphone Warehouse. This will reduce its number of stores by 134.
By Karolina Kaminska; [email protected] @KarolinaAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
DC..L