Finance
UK's Currys shares rise after strong Christmas prompts profit upgrade
Published by Global Banking & Finance Review®
Posted on January 21, 2026
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 21, 2026
2 min readLast updated: January 21, 2026
Currys upgrades profit forecast after strong Christmas sales, with shares rising 5%. Nordic sales surged 12%, boosting overall performance.
By Sarah Young
LONDON, Jan 21 (Reuters) - British electricals retailer Currys raised its profit forecast on Wednesday after strong demand for iPhones, coffee machines and children's storytelling boxes boosted Christmas sales, lifting its shares.
Currys said it now expects pretax profit of between 180 million pounds and 190 million pounds ($242 million and $255 million), as much as 5% above analysts' consensus forecast and up from the 162 million pounds it made in 2024/25.
Its shares were up 5% in early trade, but remain 13% lower over the past three months.
Underlying sales rose 6% over the 10-week Christmas trading period, driven by a 12% increase in the Nordics, which account for 40% of group revenue. Sales in Britain and Ireland were 3% higher.
Investec analysts said the company had done a "good job" of offsetting higher costs and taxes in Britain, and that the outcome reflected a recovery in Nordic consumer demand.
Chief Executive Alex Baldock told reporters that Currys had benefited from strong growth at its mobile network unit, iD mobile, and from demand for robot floor cleaners; Tonies, a screen-free storytelling toy for children; and beauty products such as electronic face masks.
Currys performance in Britain compares favourably with other retailers that have reported shoppers treating themselves on groceries over Christmas but being more cautious on gifting.
Baldock said consumer confidence outside the holiday period was still "bumpy", and the company was putting more weight on expanding technology sales to small and medium-sized businesses.
"They're definitely in a cautious headspace," he said of British consumers.
($1 = 0.7444 pounds)
(Reporting by Sarah Young. Editing by James Davey and Mark Potter)
Consumer confidence measures how optimistic or pessimistic consumers are regarding their expected financial situation and the overall economy. High consumer confidence typically leads to increased spending.
Underlying sales refer to the revenue generated from a company's core business operations, excluding any one-time events or factors that may distort the overall financial picture.
Market outlook refers to the expected future performance of a market or sector. It helps businesses and investors make informed decisions based on anticipated economic conditions.
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