Highlights

  • Currys recorded group peak like-for-like revenue growth of 6%, with continued gains across all major regions.
  • The Nordics delivered like-for-like revenue growth of 12%, with sales increases across every category.
  • Group adjusted profit before tax is expected to reach GBP  180–190m, exceeding consensus expectations.

Currys plc (LSE: CURY) continues to attract bullish sentiment from investors and analysts after reporting accelerating group growth and upgrading its full-year outlook. The electricals retailer’s shares are now up nearly 45% year-on-year. Analysts remain firmly positive, with consensus ratings pointing to further upside.

Strong Yearly Share Price Performance

Currys shares were trading at GBX 132.10 on 21 January 2026, up 5.34% intraday following the trading update. Over the past 12 months, the stock has delivered a 44.93% gain.

Buy Ratings Reinforced by Analysts

According to EODHD/Others data, Currys currently carries a consensus “Buy” rating, with an average target price of GBX 172.25.

Panmure Liberum has reiterated its Buy recommendation with a more bullish GBX 200 price target.

Group Revenue Growth Picks Up Pace

Currys reported group peak like-for-like revenue growth of 6%, marking an acceleration in performance. The company stated that this growth was driven by momentum across both the UK & Ireland and the Nordics, alongside continued progress in omnichannel sales and services.

Omnichannel revenue increased faster than individual channels, rising 11% year-on-year, highlighting customer engagement across digital and in-store platforms.

UK & Ireland Shows Continued Momentum

In the UK & Ireland, like-for-like revenue increased by 3%, supported by market share gains. Sales growth was reported across mobile, computing, and domestic appliances, with mobile remaining a key contributor.

Gross margins improved during the period despite cost pressures. Recurring service revenue rose 7%, while credit adoption increased by 200 basis points to 25.0%. Business-to-business sales grew 21%, and new product categories recorded growth of 42%.

iD Mobile subscribers increased 19% year-on-year to 2.5 million, with close to one million subscribers added over the past two years.

Nordics Delivers Double-Digit Growth

The Nordics segment recorded like-for-like revenue growth of 12%, representing the fastest growth across the group. Currys reported market share gains in a favourable trading environment, with sales growth achieved across all product categories.

The company noted a balance between revenue growth and margin investment across all Nordic countries. Omnichannel sales continued to expand, with order and collect transactions rising 42% year-on-year.

Outlook and Capital Returns

Currys updated its outlook for the financial year, stating that group adjusted profit before tax is expected to be in the range of GBP  180–190m, representing an increase of 11–17% year-on-year and above consensus forecasts.

A GBP  50m share buyback programme is currently underway, bringing total cash returned to shareholders to approximately GBP  75m for the year. The company also expects year-end net cash to finish above its GBP  100m target.