Currys Shares Jump as Strong Trading Pushes Profit Guidance Above Market Expectations

Currys (LON: CURY) shares rose 4.9 percent to 131.5 pence in early Wednesday trading after the retailer lifted its full-year profit guidance on the back of stronger-than-expected peak-season sales. 

The stock opened as high as 136.3 pence as investors welcomed improved momentum in both the UK and Nordic markets.

The company reported group like-for-like revenue growth of 6 percent over the peak trading period, with UK and Ireland sales up 3 percent. 

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Currys said it continued to gain market share, supported by strong demand in mobile, computing and appliances. 

Omnichannel sales rose 11 percent year on year, while recurring service revenue grew 7 percent and B2B sales increased 21 percent. iD Mobile subscribers climbed 19 percent to 2.5 million.

Performance in the Nordics, which account for more than 40 percent of the business, was a standout, with like-for-like revenue rising 12 percent. Currys said it gained market share in every country and across all product categories, while maintaining margin discipline alongside sales growth.

The group now expects adjusted profit before tax of £180 million to £190 million, up 11 to 17 percent year on year and above the company compiled consensus estimates of around £180 million. A £50 million share buyback is underway, with £30 million already completed.

Chief Executive Alex Baldock stated that the company had delivered “very strong trading over Peak,” adding that Currys would end the year with more than £100 million in net cash and entered 2026 “energised by the opportunities ahead.”