Overview

  • UK technology retailer's full-year revenue rose 6% but slightly missed analyst expectations

  • Adjusted EBIT and adjusted pretax profit slightly beat analyst expectations

  • Company announced new £50 mln share buyback and doubled full-year dividend

Outlook

  • Currys says early-year trading has been very solid and is comfortable with market consensus

  • Company targets at least 2.8m iD Mobile subscribers before year end

  • Currys plans total cash shareholder returns of about £85m in 2026/27

Result Drivers

  • MARKET SHARE GAINS - UK & Ireland growth driven by market share gains in both channels and strategic initiatives such as recurring Services revenue and credit sales

  • NORDICS PROFIT GROWTH - Nordics segment profit rose on operating leverage and cost control, with improved consumer sentiment supporting sales

Company press release:

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

FY Revenue

Slight Miss*

GBP 9.25 bln

GBP 9.28 bln (8 Analysts)

FY Adjusted EBIT

Beat

GBP 255 mln

GBP 248.98 mln (8 Analysts)

FY Adjusted Pretax Profit

Slight Beat*

GBP 191 mln

GBP 190.41 mln (7 Analysts)

FY Adjusted EBIT Margin

2.80%

FY Pretax Profit

GBP 153 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the computer & electronics retailers peer group is "buy"

  • Wall Street's median 12-month price target for Currys PLC is GBp180.00, about 10% above its July 1 closing price of GBp163.60

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact .