Currys Trims Profit Forecast as Supply-Chain Problems Bite
A customer looks at mobile phones on display at a Currys PC World store in London, U.K.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
U.K. consumer-electronics retailer Currys Plc lowered its profit forecast after a tough Christmas season, one of the few such downgrades after most British retailers enjoyed better-than-expected holiday sales.
The company, which owns the Currys PC World brand, said Friday its comparable revenue fell 5% over the peak period compared to the previous year. Supply log-jams across the electronics industry and uneven consumer demand weighed on sales. The stock fell as much as 5.7%.