After surprising the market with a profit warning in Q4, DC reported full-year results in line with management guidance. Although the international business remains on a strong footing, we do not foresee any quick respite in the UK, especially in the phone business. The new CEO will share turnaround plan details in December 2018. No change in our stock recommendation.
07 Aug 2018
The UK business continues to be a pain-point
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The UK business continues to be a pain-point
Currys PLC (CURY:LON) | 61.1 0 0.0% | Mkt Cap: 692.3m
- Published:
07 Aug 2018 -
Author:
Nishant Choudhary -
Pages:
3
After surprising the market with a profit warning in Q4, DC reported full-year results in line with management guidance. Although the international business remains on a strong footing, we do not foresee any quick respite in the UK, especially in the phone business. The new CEO will share turnaround plan details in December 2018. No change in our stock recommendation.