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Q3 like-for-likes up for Carphone Warehouse

Earning per share expected to be at the top end of the range

CITY & CORPORATE

Q3 like-for-likes up for Carphone Warehouse

In its interim management statement for Q3 2010-11, CPW Europe reports that LFL revenue was up 0.7% (UK LFL up 2.3%).
 

Roger Taylor, CEO, said,"We've delivered another good quarter, we're again raising our guidance for our profit share from Best Buy Mobile US and we now expect full year earnings per share to be at the top end of the range we gave in November. CPW Europe has continued to perform well in a Christmas quarter where sales are traditionally much more weighted towards prepay handsets, the segment where smartphone penetration is still low, and where there have been high levels of price deflation in basic handsets.

"Best Buy Mobile US continues its strong momentum, demonstrating its winning formula. The online launch at Best Buy UK has gone well, adding to the strong customer satisfaction with our 'Big Box' stores, where our planned roll-out continues. Our other joint venture, Virgin Mobile France, is well on track to deliver growth and results in line with guidance."

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