Currys stock jumps as it raises profit outlook after strong christmas sales By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2025
0mins
Should l Buy ?
Source: Investing.com
Strong Sales Performance: Currys shares rose over 11% after the retailer raised profit guidance due to a 2% increase in like-for-like revenues in the UK and Ireland during the Christmas trading period, driven by demand for mobile phones, gaming devices, and premium computing products.
Positive Outlook and Strategy: The company expects adjusted profit before tax to reach £145 million to £155 million, reflecting a significant improvement, while also highlighting successful holiday promotions and operational efficiency as key factors in their growth strategy.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
