Currys lifts profit guidance once again

In a statement published to the London Stock Exchange, Currys called its performance since January 4 “robust”.

The retailer said it has seen positive like-for-like sales growth in the period since, across the UK and Ireland as well as in the Nordics.

The group said it now expects profit before tax to hit around £160m, up from its previously pledged guidance of between £145m and £155m.

Currys added that it expects to end the year in a “strong net cash position”.

There are still five weeks of its financial year remaining and Currys is expected to provide an update for its full-year performance in May.