Dixons Carphone mobile arm drags Q1 sales

Dixons Carphone Q1 sales mobile Alex Baldock
The Carphone Warehouse owner blamed a "challenging mobile market" for a 10% decline in like-for-like sales
// Dixons Carphone records increase in like-for-like sales in first quarter
// Despite the sales rise, its mobile division continues to face decline
// Dixon Carphone’s international arm recorded a 4% uplift in like-for-like sales

Dixons Carphone has recorded an increase in like-for-like sales during its first quarter thanks to a “strong performance in white goods”.

Chief executive Alex Baldock praised the retailer for being “on track with trading this year”.

During the 13 weeks to July 27, the electricals and technology retailer’s UK and Ireland like-for-like sales increased by two per cent.

Its international arm recorded a four per cent uplift in like-for-like sales, with a four per cent rise in the Nordics and a seven per cent rise in Greece.

Despite the sales increase, Dixons Carphone has been weighed down by continued heavy decline in its loss-making mobile business.

The parent company of Carphone Warehouse and Currys PC World reported flat revenues for the quarter to July 17, as growth in electrical sales was offset by the slump in its mobile arm.

Dixons Carphone blamed a “challenging mobile market” for the 10 per cent decline in like-for-like sales for its UK & Ireland mobile division.

“We’re on track with both our trading this year and our longer-term transformation,” Baldock said.

“The mobile market is as challenging as expected, underlining the need for the decisive actions that we set out in June.

“We remain committed to growing electricals sales and headline profits in UK & Ireland and International this year, and to this being the trough year for mobile losses.”

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