Currys Past Earnings Performance

Past criteria checks 3/6

Currys's earnings have been declining at an average annual rate of -10.3%, while the Specialty Retail industry saw earnings growing at 18.9% annually. Revenues have been declining at an average rate of 2.1% per year. Currys's return on equity is 2.1%, and it has net margins of 0.4%.

Key information

-10.3%

Earnings growth rate

-11.1%

EPS growth rate

Specialty Retail Industry Growth	17.0%
Revenue growth rate	-2.1%
Return on equity	2.1%
Net Margin	0.4%
Next Earnings Update	27 Jun 2024

Recent past performance updates

Recent updates

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Revenue & Expenses Breakdown
Beta

How Currys makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

LSE:CURY Revenue, expenses and earnings (GBP Millions)
Date	Revenue	Earnings	G+A Expenses
28 Oct 23	9,197	40	1,527
28 Jul 23	9,354	-220	1,527
29 Apr 23	9,511	-481	1,526
29 Jan 23	9,672	-506	1,552
29 Oct 22	9,832	-531	1,573
29 Jul 22	9,988	-230	1,574
30 Apr 22	10,144	71	1,574
30 Oct 21	10,270	25	1,611
30 Jul 21	10,307	13	1,612
01 May 21	10,344	0	1,613
31 Oct 20	10,316	-74	1,703
31 Jul 20	10,243	-117	1,706
02 May 20	10,170	-161	1,709
02 Feb 20	10,212	-41	1,796
26 Oct 19	10,253	79	1,882
26 Jul 19	10,343	-116	1,879
27 Apr 19	10,433	-311	1,875
27 Jan 19	10,494	-293	1,834
27 Oct 18	10,555	-276	1,792
27 Jul 18	10,543	-20	1,793
28 Apr 18	10,531	236	1,794
28 Jan 18	10,464	248	1,796
28 Oct 17	10,396	259	1,798
28 Jul 17	10,322	283	1,797
29 Apr 17	10,247	307	1,795
29 Jan 17	10,156	266	1,844
29 Oct 16	10,064	224	1,892
29 Jul 16	9,901	202	1,893
30 Apr 16	9,738	179	1,893
31 Oct 15	8,979	197	1,659
02 May 15	7,620	195	1,648
29 Mar 14	1,943	58	430
29 Dec 13	1,722	9	363
28 Sep 13	868	-34	4
28 Jun 13	440	-16	6

Quality Earnings: CURY has high quality earnings.

Growing Profit Margin: CURY became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: CURY has become profitable over the past 5 years, growing earnings by -10.3% per year.

Accelerating Growth: CURY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CURY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Specialty Retail industry (-18.7%).

Return on Equity

High ROE: CURY's Return on Equity (2.1%) is considered low.

Return on Assets

Return on Capital Employed

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Currys Past Earnings Performance

Past criteria checks 3/6

Key information

Recent past performance updates

First half 2024 earnings released: UK£0.035 loss per share (vs UK£0.51 loss in 1H 2023)

Full year 2023 earnings released: UK£0.44 loss per share (vs UK£0.063 profit in FY 2022)

First half 2023 earnings released: UK£0.51 loss per share (vs UK£0.037 profit in 1H 2022)

Currys plc to Report Q2, 2024 Results on Dec 14, 2023

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

First half 2022 earnings released: EPS: UK£0.037 (vs UK£0.015 in 1H 2021)

Recent updates

Public Power Corporation S.A. (ATSE:PPC) completed the acquisition of DSGi South-East Europe A.E.V.E. from Currys plc (LSE:CURY).

Elliott Advisors (UK) Limited's Statement of Intention Not to Make an Offer for Currys plc

Currys plc Announces Directorate Change

Elliott Advisors (UK) Limited made an offer to acquire Currys plc (LSE:CURY) for approximately £700 million.

Price target decreased by 12% to UK£0.66

Elliott Advisors (UK) Limited made an offer to acquire Currys plc (LSE:CURY) for approximately £700 million.

Price target increased by 8.2% to UK£0.77

First half 2024 earnings released: UK£0.035 loss per share (vs UK£0.51 loss in 1H 2023)

Public Power Corporation S.A. (ATSE:PPC) signed an agreement to acquire DSGi South-East Europe A.E.V.E. for an enterprise value of €200 million.

Public Power Corporation S.A. (ATSE:PPC) signed an agreement to acquire Kotsovolos for an enterprise value of €200 million.

Key Executive recently bought UK£98k worth of stock

Key Executive exercised options and sold UK£247k worth of stock

Key Executive recently bought UK£158k worth of stock

Ian Dyson completed the acquisition of unknown minority stake in Currys plc (LSE:CURY) for GBP 7.1 million.

Full year 2023 earnings released: UK£0.44 loss per share (vs UK£0.063 profit in FY 2022)

Currys plc Omits Final Dividend for 2022-2023

Currys plc Announces the Appointment of Adam Walker as an Independent Non-Executive Director and A Member of the Audit and Remuneration Committees with Effect from 8 June 2023

Currys (LON:CURY) Will Be Looking To Turn Around Its Returns

Key Executive exercised options and sold UK£109k worth of stock

Here's Why Currys (LON:CURY) Has A Meaningful Debt Burden

Currys plc, Annual General Meeting, Sep 05, 2024

Currys' (LON:CURY) Returns On Capital Not Reflecting Well On The Business

Consensus forecasts updated

Upcoming dividend of UK£0.01 per share

Is It Too Late To Consider Buying Currys plc (LON:CURY)?

First half 2023 earnings released: UK£0.51 loss per share (vs UK£0.037 profit in 1H 2022)

Price target decreased to UK£0.81

Currys plc to Report Q2, 2024 Results on Dec 14, 2023

Currys plc Announces Establishment of Environment, Social and Governance Committee

Now 22% undervalued after recent price drop

Is Currys (LON:CURY) Using Too Much Debt?

Currys (LON:CURY) Has Some Difficulty Using Its Capital Effectively

Price target decreased to UK£0.93

Currys plc Declares A Final Dividend

Should You Investigate Currys plc (LON:CURY) At UK£0.60?

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus forecasts updated

Estimating The Fair Value Of Currys Plc (LON:CURY)

Upcoming dividend of UK£0.021 per share

We Think Currys (LON:CURY) Is Taking Some Risk With Its Debt

First half 2022 earnings released: EPS: UK£0.037 (vs UK£0.015 in 1H 2021)

Consensus forecasts updated

Price target decreased to UK£1.06

Currys plc Announces Board Changes

Is There Now An Opportunity In Currys Plc (LON:CURY)?

Insufficient new directors

Key Executive exercised options and sold UK£170k worth of stock

Be Wary Of Currys (LON:CURY) And Its Returns On Capital

Insufficient new directors

Price target decreased to UK£1.33

Should You Investigate Currys Plc (LON:CURY) At UK£1.05?

Upcoming dividend of UK£0.01 per share

Is Currys (LON:CURY) A Risky Investment?

First half 2022 earnings: EPS misses analyst expectations

Calculating The Intrinsic Value Of Currys Plc (LON:CURY)

Return Trends At Currys (LON:CURY) Aren't Appealing

Key Executive exercised options and sold UK£352k worth of stock

Upcoming dividend of UK£0.03 per share

Key Executive recently bought UK£97k worth of stock

Group Chief Executive & Director exercised options and sold UK£369k worth of stock

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Group Chief Executive & Director exercised options and sold UK£246k worth of stock

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Revenue & Expenses Breakdown
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