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Electrical goods retailer Currys unveiled a £75 million share buyback programme and reported a fall in first-half sales performance in its electricals business was offset by a decline in mobile sales.
For the first six months of the year, sales fell 1% year-on-year, but were up 15% on a like-for-like basis compared to two years ago.
Like-for-like sales were down 3% year-on-year, but up 11% as growth in electricals was 'offset by the expected decline in mobile sales,' the company said.
Looking ahead, the group said it expected to deliver a 'robust peak trading season.'
'[W]e are on track to meet consensus expectations for full year 2021/22 PBT of £161 million,' it added.
For the full year 2021/22, the company expected to spend around £170 million, down from previous guidance fo £190 million.
The group is scheduled to publish its interim results covering the 26 weeks to 30 October 2021 on Wednesday 15 December 2021.