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Dixons Carphone reports strong fourth quarter

Dixons Carphone trades as Currys, PC World and Carphone Warehouse in Ireland and the UK
Dixons Carphone trades as Currys, PC World and Carphone Warehouse in Ireland and the UK

Dixons Carphone today beat fourth-quarter trading forecasts and narrowed its full-year headline pretax profit guidance to £485-490m from £475-495m. 

The company trades as Currys, PC World and Carphone Warehouse in Ireland and the UK, Elkjop and Elgiganten in Nordic countries and Kotsovolos in Greece.

It said like-for-like group sales rose 2% in the 16 weeks to April 29, its fiscal fourth quarter, ahead of a company compiled consensus of 0.9% growth. 

Like-for-like sales in the UK and Ireland rose 2%, driven by a strong electricals performance. 

Before today's update analysts were on average forecasting a pretax profit of £490m for 2016-17, up from £447m in 2015-16.