Executive Summary

• Dixons Carphone reported group comps of 5% for the 10 weeks ending January 9, 2016.
• The company saw solid underlying growth in its core UK operation as well as in Southern Europe, and more moderate positive growth in the Nordic countries.
• The company now expects full-year profit before tax to be slightly ahead of consensus, at £440–£450 million (US$663–678 million).
• Dixons Carphone announced plans to cut store numbers by 134 in the UK and Ireland as it brings its three fascias—Currys, PC World and Carphone Warehouse—into merged stores.