So far, so good. Following the demise of rivals including Phones 4U and Comet, Dixons Carphone is reaping the rewards from the successful £4bn merger between Dixons Retail and Carphone Warehouse last year.
Sales at the mobile and electronics retailer were up 9% in the fourth quarter to 2 May, a 5% lift on analysts‘ predictions. As a result, the profit outlook for the retailer has been boosted which will be up to £375m from £355.
“Nearly a year into our merger, I am very pleased to be posting such a strong first full year trading statement for our combined Dixons Carphone Group,” commented CEO Sebastian James.“Good trading, driven by market share gain and by strong promotional periods – including Easter – coupled with successfully streamlining the Group’s international assets, means that we are now guiding PBT to be slightly above the top end of our previously disclosed range for the full year.”
“It is a truism that the time to fix the roof is when the sun is shining,” added James. “We are making excellent progress but there is still much to do, and many areas of the business that we want to improve further. Delivery options, IT investment, extending our free warranty programme, further training for our colleagues, Norwegian pricing and other are in our sighs to make us stronger in the longer term.”