Currys lowers profits guidance after tough Christmas

UK electricals retailer Currys lowered annual guidance as it reported a fall in sales over the peak Christmas period as a tough comparator year, uneven customer demand and supply disruption hit revenues.
The company on Friday said revenue for the 10 weeks to January 8 fell 5% year on year but rose 4% versus 2019 before the Covid pandemic struck. It guided for annual pre-tax profits of £155m from £160m last month.