By Grace Bowden2019-12-12T07:19:00
Dixons Carphone has recorded a slump in pre-tax profit exacerbated by sliding mobile sales, but boss Alex Baldock says the retailer’s transformation plan is “on track.”
The electricals retailer posted a 60% drop in adjusted pre-tax profit to £24m in the half-year to October 26 as group sales fell 4% to £4.7bn.
On a statutory level, the retailer narrowed pre-tax losses to £86m from £440m during the same period the previous year.
UK and Ireland electricals revenue dipped 1% during the period to £2bn with flat like-for-like sales. The retailer’s electricals performance was aided by online growth of 11% in the category.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.