Crappy Christmas! Dixons Carphone dials back profit expectations

www.theregister.co.uk | 1/22/2018 | Staff
spiderMonkey (Posted by) Level 3
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Dixons Carphone has slashed full-year profit estimates amid continued downward pressure on mobile phone margins over the Christmas quarter and "more cautious consumer" spending in the UK.

In a Q3 trading update, DixCar confirmed group revenue was up 4 per cent year-on-year during the 10 weeks to January fuelled by trade in Greece and the Nordics, which were described as "stars of the show" for 23 and 11 per cent sales hikes.

CEO - Seb - James - Company - Years

Outgoing CEO Seb James, who is leaving the company after six years at the helm, said he was "satisfied" with sales in Blighty.

"In UK&I electricals, our Boxing Day sales did not quite mirror the promise of our very strong Black Friday week, but we are very confident that we grew market share in pretty...
(Excerpt) Read more at: www.theregister.co.uk
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