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Dixons Carphone sales remain flat in first quarter

Thu, 06th Sep 2018 08:18

(Sharecast News) - Dixons Carphone reported flat like-for-like revenues in the first few months of its financial year as a World Cup boost for TVs was offset by softer white goods and computing.Management said full year guidance for profit before tax of around £300m remains unchanged.Chief executive Alex Baldock, who joined in April, said "good progress" had been made to set "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". He said he would give a fuller update on plans and progress in December.Reported sales for UK and Ireland were down 2% due to currency effects, with LFL sales flat. Likewise, group sales were down 2% but flat on a LFL basis.UK mobile LFL sales were down 1% due to a continued reduction in the postpay phone market, while on the bright side there were market share gains in SIM Only and SIM Free phone sales. Apple's upcoming iPhone launch will be watched with interest.LFL sales in the Nordics were also flat, with total sales down 2%, with good market share gains driven by better availability. Greece lifted LFL revenues 9%, strongly outperforming the market, with reported revenue up 11%.Analyst Laith Khalaf at Hargreaves Lansdown said that with consumers still under pressure from weak wage growth, above-target inflation and now rising interest rates, this would continue to undermine the market for big ticket items like fridges and laptops."This isn't going to be a pretty year for Dixons Carphone, with profits expected to fall by 20%, as conditions for traditional retailers remain challenging," he said."Dixons Carphone is the last man standing on the UK high street though, and if it can provide face-to-face guidance that customers value, it can carve itself a niche in an increasingly digital marketplace. For investors, the question is how big or small that niche will be after Amazon and eBay have had their say."
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23 Sep 2019 08:17

TOP NEWS: Marks & Spencer Finance Chief Singer To Step Down

(Alliance News) - Marks & Spencer PLC said Monday that Chief Financial Officer Humphrey Singer has decided to leave the group; however his departure date has not yet been decided.A is a

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11 Sep 2019 18:39

RWC Asset Management Holds 5% Dixons Carphone Stake After Deal

(Alliance News) - Dixons Carphone PLC on Wednesday said RWC Asset Management LLP held a 5.4% stake in the company after a deal on Tuesday.Following the transaction, RWC Asset Management in

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5 Sep 2019 15:41

UPDATE: Dixons Carphone Shareholders Voice Concerns Over Pay

(Alliance News) - Dixons Carphone PLC noted some dissent against the company's annual remuneration report at Thursday's annual general meeting.Some 23% of voting shareholders the at

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5 Sep 2019 08:35

LONDON MARKET OPEN: Pound Holds Back FTSE As No-Deal Inches Off Table

(Alliance News) - Sentiment globally was lifted overnight, but the internationally exposed FTSE 100 index failed to benefit on Thursday after the pound rose on further moves in Westminster to a or

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5 Sep 2019 07:41

Dixons Carphone maintains guidance as mobile sales fall 10%

(Sharecast News) - Retailer Dixons Carphone reported a sharp fall in first quarter mobile phone sales, offset by a rise in household electricals as it maintained full year guidance.

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5 Sep 2019 07:36

LONDON MARKET PRE-OPEN: William Hill's Digital Focus; boohoo Upgrades

(Alliance News) - Stocks in London are set to open higher on Thursday on news of another round of US-China trade talks, while the pound continued to rally amid further high-stakes votes in last UK

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29 Aug 2019 15:59

UK Shareholder Meetings Calendar - Next 7 Days

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29 Aug 2019 15:59

UK Earnings, Trading Statements Calendar - Next 7 Days

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29 Aug 2019 15:00

PRESS: Dixons Carphone In Investor Revolt Over Chief's Share Awards

(Alliance News) - Dixons Carphone PLC is facing a backlash from its investors over long-term share awards issued to its Chief Executive Alex Baldock, Sky News reported on Thursday.The high

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12 Aug 2019 09:13

PRESS: Dixons In Dispute With Telefonica Over GBP22 Million Shortfall

(Alliance News) - Dixons Carphone PLC subsidiary Carphone Warehouse is suing the owner of O2, Telefonica SA, claiming the mobile network caused it to suffer a GBP21.7 million shortfall in profit a

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1 Jul 2019 10:44

BROKER RATINGS SUMMARY: IAG Cut To Market-Perform And Carnival To Hold

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:----------FTSE 100----------UBS RAISES RECKITT PRICE TO

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25 Jun 2019 15:17

FTSE 250 movers: Petrofac flows lower, Dixons Carphone recovers

(Sharecast News) - London's FTSE 250 fell 0.20% lower to 19,260.82 in afternoon trade on Tuesday, with Petrofac leading the index lower.

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24 Jun 2019 15:06

FTSE 250 movers: Dixons dips, PZ Cussons bubbles up

(Sharecast News) - London's FTSE 250 edged 0.02% lower to 19,321.05 in afternoon trade on Monday, as Dixons Carphone was under the cosh yet again following a profit warning last week.

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24 Jun 2019 11:55

LONDON MARKET MIDDAY: Trade Lacklustre As Markets Await Xi-Trump Meet

(Alliance News) - Traders were in wait-and-watch mode on Monday as the G20 summit in Japan looms with a highly-anticipated meeting between the US and China.London's headline stock index was at

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24 Jun 2019 10:36

WINNERS & LOSERS SUMMARY: MySale Halves As It Puts Up For Sale Sign

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------Admiral -

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