Dixons Carphone books 1% rise in Christmas like-for-likes

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Dixons Carphone Christmas
// Dixons Carphone reported 1% rise in like-for-like revenue
// Electricals in UK saw 2% rise in like-for-likes
// Carphone Warehouse outlets saw a 7% fall in UK like-for-like sales

Dixons Carphone has recorded a marginal uptick in like-for-likes during its Christmas quarter, as a slump in mobile and Carphone Warehouse sales dragged overall results.

The electronics retailer, which trades as Currys PC World and Carphone Warehouse in the UK, revealed a one per cent uptick in like-for-like revenue for the 10 weeks ending January 5.

Its electricals sales saw a two per cent increase in like-for-likes in the same period, but mobile sales plummeted 12 per cent in the quarter and the company’s Carphone Warehouse stores saw a seven per cent fall in UK like-for-like sales.

“Peak trading was solid and in line with expectations, producing record sales against a tough backdrop,” Dixons Carphone chief executive Alex Baldock said.

“We continued to grow our leading electrical market positions in all territories, online and instore. In UK mobile, performance was as expected.

“Overall, our peak trading was disciplined and well-executed, with stable gross margins.

“In UK electricals we grew sales, despite a challenging backdrop and a declining market.

“Sales were strong in all categories, with standout performances in TV (where we drove the supersizing trend), smart tech and gaming.”

Baldock is leading a turnaround scheme that involves shutting more than 100 under-performing Carphone Warehouse stores in the UK.

In December, Dixons Carphone reported a massive loss in its half-year report, prompting a 14 per cent drop in its shares.

However, it said its full-year profit guidance of around £300 million remained unchanged.

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