Currys lifts full-year outlook after strong sales performance

Currys has raised its full-year profit guidance after reporting a better-than-expected trading performance, marking a positive turnaround for the high street electronics retailer following months of cautious investor sentiment.

In a trading update released Thursday, the company said it now expects adjusted pre-tax profit to land between £115 million and £120 million, a notable increase from the previous forecast of £105 million to £115 million. The upgrade comes as Currys benefits from steady consumer demand and improved operational efficiency across its UK and international markets.

The company highlighted strong sales in the final quarter of its fiscal year, particularly in its domestic business, which offset weaker trends in certain overseas markets. Management also credited tighter cost controls and supply chain improvements for the stronger margin outlook.

“We’re pleased to be ending the year on a high note,” said Currys CEO Alex Baldock. “Our focus on profitability, disciplined operations, and customer service is paying off. This performance gives us real momentum heading into the new financial year.”

Currys has faced a challenging retail environment over the past 18 months, with inflationary pressures, shifting consumer spending habits, and global supply disruptions all weighing on performance. However, the latest figures suggest the company is regaining its footing as household tech spending stabilizes and promotional strategies prove effective.

Shares in Currys rose nearly 6% in morning trading following the announcement, as investors welcomed the improved guidance and signs of a firmer recovery.

Looking ahead, the retailer said it remains cautious about macroeconomic uncertainty but is confident in its positioning, with investments in digital infrastructure and customer experience expected to support continued growth.

The company’s full-year results are due to be published in June.