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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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29 Apr 2020 07:50

Dixons scraps divi; Online sales offsetting store closure impact

(Sharecast News) - Electrical retailer Dixons Carphone scrapped its dividend amid the ongoing coronavirus crisis adding that consumer shopping habits had adapted to life under the lockdown.

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8 Apr 2020 14:50

FTSE 250 movers: Hyve Group gains after pulling dividend, founder switches out of Dixons Carphone

(Sharecast News) - London's second-tier index was trading firmly higher on Wednesday afternoon, outperforming peers on the Continent by a wide margin.

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1 Apr 2020 15:01

O2 cuts ties with Carphone Warehouse

(Sharecast News) - UK mobile network O2 said it had ended its partnership with Carphone Warehouse after it failed to agree to a new deal with the retailer.

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30 Mar 2020 12:03

LONDON MARKET MIDDAY: Oil Stocks Outperform As FTSE 100 Edges Lower

LONDON MARKET MIDDAY: Oil Stocks Outperform As FTSE 100 Edges Lower

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30 Mar 2020 11:44

Monday broker round-up

(Sharecast News) - Cineworld Group: JP Morgan downgrades to neutral with a target price of 90p.

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30 Mar 2020 11:08

UK WINNERS & LOSERS SUMMARY: easyJet Falls After Grounding Fleet

UK WINNERS & LOSERS SUMMARY: easyJet Falls After Grounding Fleet

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30 Mar 2020 10:34

RBC Capital downgrades Dixons Carphone

(Sharecast News) - RBC Capital Markets downgraded its stance on shares of Dixons Carphone to 'underperform' from 'sector perform' on Monday, cutting the price target to 75p from 90p.

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30 Mar 2020 09:48

UK BROKER RATINGS SUMMARY: RBC Raises Rentokil But Cuts AB Foods

UK BROKER RATINGS SUMMARY: RBC Raises Rentokil But Cuts AB Foods

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26 Mar 2020 12:14

LONDON MARKET MIDDAY: Stimulus Rally Ends; BoE Takes No Further Action

LONDON MARKET MIDDAY: Stimulus Rally Ends; BoE Takes No Further Action

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26 Mar 2020 09:09

TOP NEWS: Dixons Carphone Gets Online Boost But Profit Still To Suffer

TOP NEWS: Dixons Carphone Gets Online Boost But Profit Still To Suffer

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26 Mar 2020 08:03

LONDON BRIEFING: New Work-From-Homers Boost Dixons Online Sales

LONDON BRIEFING: New Work-From-Homers Boost Dixons Online Sales

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26 Mar 2020 07:45

LONDON MARKET PRE-OPEN: Dixons Gets Sales Boost But To Miss Guidance

LONDON MARKET PRE-OPEN: Dixons Gets Sales Boost But To Miss Guidance

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26 Mar 2020 07:09

Dixons Carphone warns on profit, pulls guidance

(Sharecast News) - Electrical retailer Dixons Carphone warned on profits, pulled on guidance and placed its final dividend on review as the coronavirus pandemic hit trading.

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18 Mar 2020 09:30

UK BROKER RATINGS SUMMARY: Jefferies And Exane BNP Both Raise Reckitt

UK BROKER RATINGS SUMMARY: Jefferies And Exane BNP Both Raise Reckitt

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17 Mar 2020 16:59

LONDON MARKET CLOSE: FTSE 100 Ends Higher In Another Rocky Session

LONDON MARKET CLOSE: FTSE 100 Ends Higher In Another Rocky Session

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