Dixons Carphone released its Christmas trading update (10 weeks ended 7 January 2017) showing numbers ahead of our estimates as well as market consensus. The lfl revenue increased by 4% (our estimate: +2.8%) on the back of strong consumer demand during the Black Friday and Boxing Day weeks in the UK. The region clocked 6% lfl revenue growth (our estimate: +3%; c.65% of group revenue), largely driven by the consumer electrical business (9% lfl yoy). In Southern Europe, the company generated 5%
28 Feb 2017
Good quarterly performance; growth to slow further
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Good quarterly performance; growth to slow further
Currys PLC (CURY:LON) | 62.2 0 0.0% | Mkt Cap: 705.0m
- Published:
28 Feb 2017 -
Author:
Nishant Choudhary -
Pages:
3
Dixons Carphone released its Christmas trading update (10 weeks ended 7 January 2017) showing numbers ahead of our estimates as well as market consensus. The lfl revenue increased by 4% (our estimate: +2.8%) on the back of strong consumer demand during the Black Friday and Boxing Day weeks in the UK. The region clocked 6% lfl revenue growth (our estimate: +3%; c.65% of group revenue), largely driven by the consumer electrical business (9% lfl yoy). In Southern Europe, the company generated 5%