Currys, the UK electricals retailer, said full-year profits would be slightly lower than its previous guidance after Christmas trading was disrupted by supply chain problems.
For the year to end-April, it now expects adjusted pre-tax profit of £155m against an estimate of £160m made immediately before the peak trading period.
Sales in the 10 weeks ended January 8 were down 5 per cent, worse than the 2 per cent decline reported at the half-year results just a month ago.
In the UK and Ireland, its biggest market, sales were down 6 per cent year on year against a 4 per cent fall at the half year stage, although the company said this represented outperformance against a market that declined 10 per cent.
“The technology market was challenging this Christmas, with uneven customer demand and supply disruption,” said chief executive Alex Baldock, who added that virtual reality and gaming consoles had sold well.
Sales were still broadly ahead of the same period two years ago, before the pandemic began.
