Published on September 11th, 2020 | by The GC Team0
Dixons Carphone reports strong sales in all markets
Dixons Carphone has reported strong sales in all markets in the 17 weeks to 29th August with UK & Ireland Electricals like-for-like revenue up 12% and growth in online sales up by more than £500m in four months.
The retailer’s online sales more than tripled year-on-year while stores were closed and have continued at more than double last year’s sales since stores reopened.
Sales were down by around 90% in Dixons Travel stores, which mostly remain closed, impacting UK & Ireland Electricals like-for-like and total sales by around 5%.
UK & Ireland Mobile total revenue fell by 56%, but the business said sales and cashflow were in line with its plans following the closure of UK standalone stores.
International like-for-like revenues in the Nordics and Greece were up 17% and 12% respectively.
Alex Baldock, Group Chief Executive, said: “We’ve started the year well, but nobody knows what the future holds and, like many, we remain cautious in our outlook.”
Baldock also said the group was in the early stages of exploring the option of listing a minority stake of the Nordics business next year.
The company expects to provide an update on its 2020/21 guidance when it publishes its Interim results on Wednesday 16th December 2020.