Currys trims profit guidance following challenging Christmas period for UK tech sales

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Electrical goods retailer Currys trimmed its profit outlook following a a challenging Christmas period as uneven customer demand for technology products and supply disruptions held back growth.

Adjusted pre annual pre-tax profit guidance was cut to £155 million from a prior estimate of £160 million.

For the 10 weeks to January 8, revenue fell 5% year on year, but increased 4% from the same period in 2019.

The overall 'UK tech market was down 10% compared to last year's Peak period,' the company said.