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Dixons Carphone (LON: DC) FY16 Results: EPS Slips, but Meets Consensus

Executive Summary

  • British retailer Dixons Carphone reported an 18% increase in revenues for FY16. Revenues of £9,738 million beat the consensus estimate of £9,647 million.
  • Basic EPS was 29.3 pence for FY16, down 1.3% from 29.7 pence in FY15 and in line with consensus.
  • The company will expand its Connected World Services to the US, following an agreement with Sprint to roll out honeyBee service across the entire Sprint estate in the US.

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