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Dixons Carphone like-for-likes flat in first quarter

Dixons Carphone has reported that its UK and Ireland like-for-like revenue was flat in its first quarter.

ELECTRICALS

Dixons Carphone like-for-likes flat in first quarter

Dixons Carphone has reported that its UK and Ireland like-for-like revenue was flat in its first quarter.

In the 13 weeks to 28 July group like-for-like revenue was also flat which was in line with expectations.

Mobile like-for-like sales in the UK were down 1% in the period although the retailer said it maintained its leading share position.

There were also flat like-for-like sales in electricals as growth in the consumer electronics category, which was driven by the World Cup, was offset by softer trading in the white goods and computing categories.

Looking at the retailer’s international performance, like-for-like sales in Greece rose by 9% while like-for-likes in the Nordics region remained flat.

Alex Baldock, Dixons Carphone's recently appointed group chief executive, said: "First quarter performance was in line with expectations. We've maintained or grown our leading market positions, and our full year PBT guidance of around £300 million remains unchanged.

“We've made good progress in setting a clear long-term direction for the business, one that sharpens our focus on the core, and that better joins up both our offer to customers and our business behind the scenes."

The news follows the announcement of a drop in the retailer’s full year profit in June when Baldock said the company had “plenty of work to do” to improve its business.

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