Carphone Warehouse reports 10.6% rise in like-for-like sales
Mobile phone retailer Carphone Warehouse saw its group like-for-like sales climb by 10.6% in its first quarter as more of its customers opted to buy high-end smartphones.
In the quarter ending 29 June 2013, total connections increased by 6% (8.1% excluding France) helped by strong UK postpay connections growth.
Carphone Warehouse said that like-for-like sales growth was particularly strong in the UK as the group benefited from a continued shift towards high-end smartphones which was driving higher revenue per connection.
Excluding France, where the group is withdrawing from the market, like-for-like sales growth was 13.2% in the period.
Never Miss a Retail Update!Chief executive Roger Taylor said: “We have enjoyed a good first quarter with strong like-for-like revenue and connections growth, and we are reiterating the guidance we gave when we presented our final results for 2012-13 in late June.
“Postpay sales in the UK were particularly strong, continuing the momentum of the previous quarter, as our offers and service continue to resonate with the customer.
“As anticipated, Virgin Mobile France revenue declined year-on-year, reflecting market price deflation, the effects of which reduce later in the year.
“We believe the group is well positioned following the strategic moves we have made and we are focused on replicating the UK’s operational execution across Europe and bringing our Connected World capabilities to other business partners, including our recently announced partnerships with Media Markt/Saturn and Metro Group.”
