While Dixons Carphone has witnessed strong lfl growth in the recent weeks, the shutting down of stores in the UK&I and Greece is likely to dent its near-term profits. However, we continue to see the electrical business as well placed, especially considering DC’s strong presence in the e-com format. A profit warning has also been factored into our estimates but we maintain a positive stance on the back of the inexpensive valuation and lack of structural issues.
26 Mar 2020
Coronavirus scalps one more victim
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Coronavirus scalps one more victim
Currys PLC (CURY:LON) | 61.1 0.2 0.4% | Mkt Cap: 692.3m
- Published:
26 Mar 2020 -
Author:
Nishant Choudhary -
Pages:
3
While Dixons Carphone has witnessed strong lfl growth in the recent weeks, the shutting down of stores in the UK&I and Greece is likely to dent its near-term profits. However, we continue to see the electrical business as well placed, especially considering DC’s strong presence in the e-com format. A profit warning has also been factored into our estimates but we maintain a positive stance on the back of the inexpensive valuation and lack of structural issues.