Dow Jones Newswires: Currys cuts 2023 guidance after swinging to loss

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Currys PLC said on Thursday that guidance for fiscal 2023 has been downgraded after swinging to a pretax loss in the first half due to the disruption of its international markets and actions taken in face of competitors’ heavy discounting.

The retailer of technology products UK:CURY said that it expects adjusted pretax profit–the company’s preferred metric, which strips out exceptional and other one-off items– for fiscal 2023 to be in the range of 100 million pounds to 125 million pounds ($124.2 million and $155.3 million),…

This article was originally published by Marketwatch.com. Read the original article here.

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