Currys Posts 7 Percent Sales Growth
British electronics retailer Currys reported a 7 percent increase in summer like-for-like sales. The growth was driven by World Cup demand and hot weather. The company maintained its annual profit outlook.
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CURRYS PLC posted a 7% rise in group like-for-like sales on Thursday morning, driven by World Cup demand and hot-weather cooling product purchases. The numbers outpace a broader retail slowdown across the United Kingdom. The performance marks an early win for new CEO Fredrik Tønnesen as households navigate inflation and fallout from the conflict in Iran.
