Currys plc (LSE: CURY) closed Thursday’s session at 127.60p, down 1.85% on the day, as a degree of profit-taking set in following a strong run earlier in the week.
The electronics retailer had surged more than 11% on Tuesday after publishing a trading update that lifted full-year adjusted pre-tax profit guidance to approximately £191 million for the year ended 2 May 2026.
That figure represented an 18% increase year on year and came in ahead of the company’s own guidance range of £180 million to £190 million, as well as above the company-compiled consensus estimate of around £187 million.
Group like-for-like sales grew 4% for the full year, with the UK and Ireland division up 3% and the Nordics business posting a stronger 6% increase across the period.
iD Mobile, the company’s mobile virtual network operator, continued to be a standout performer, with subscriber numbers rising 18% to reach 2.6 million customers.
The company also reported finishing the year with net cash of more than £170 million and confirmed it had returned £74 million to shareholders during the period.
Analysts at Citi Research noted a modest upgrade to earnings per share estimates following the update, with forecast revisions reflecting slightly lower UK and Ireland like-for-like growth in the coming year offset by currency tailwinds in the Nordic division.
Currys confirmed it is continuing the process of appointing a new group chief executive, a search that has attracted attention since the departure of its previous chief executive.
Senior Independent Director Octavia Morley was separately named as a new non-executive director of Wickes Group effective 19 May 2026, adding a further governance update to an already busy week for the company.
Thursday’s slight pullback reflected broader consolidation across the mid-cap index rather than any fresh negative catalysts for the stock.
The shares have now recovered substantially from the lows seen earlier this year, with the 52-week trading range spanning from below 90p to more than 140p.
Full-year results are due on 2 July 2026, at which point investors will receive the audited numbers alongside a more detailed picture of cost performance and the strategic outlook.
