Dixons Carphone reported good lfl growth in the Q1 trading update released today. The UK & Ireland business clocked 4% lfl growth (vs our estimate: 5%), driven by strong momentum in the electrical business and a 5% benefit from sales transferred from closed stores. The Nordics and Greece also generated 8% and 6% lfl growth respectively (our estimate: 1% and 5.5%), on the back of market share gains in electrical business.
However, management also shared some disappointing news today. The FY17/18 ....
24 Aug 2017
Initial thoughts: Good Q1 results but disappointing profit guidance clouds investors' confidence
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Initial thoughts: Good Q1 results but disappointing profit guidance clouds investors' confidence
Currys PLC (CURY:LON) | 61.1 0.2 0.4% | Mkt Cap: 692.3m
- Published:
24 Aug 2017 -
Author:
Nishant Choudhary -
Pages:
2
Dixons Carphone reported good lfl growth in the Q1 trading update released today. The UK & Ireland business clocked 4% lfl growth (vs our estimate: 5%), driven by strong momentum in the electrical business and a 5% benefit from sales transferred from closed stores. The Nordics and Greece also generated 8% and 6% lfl growth respectively (our estimate: 1% and 5.5%), on the back of market share gains in electrical business.
However, management also shared some disappointing news today. The FY17/18 ....