Currys PLC (LSE:CURY) investors will be hoping for further clarity on the electronics retailer’s artificial intelligence laptop sales when it offers a peak trading update on Wednesday, 15 January.
Shares had surged last time Currys reported in November, where it cited increasing demand for AI laptops, over which it held a 75% share of the market in the UK.
“AI is a trend with a lot further to run,” Currys said at the time, prompting AJ Bell analysts to dub such laptops as a “saving grace” for the retailer.
November’s interim results had also shown improvement at Currys over the first half of the year.
Revenue climbed 1% to £3.9 billion, while a swing to a £9 million pre-tax profit was recorded, against a £16 million loss last time out.
Guidance for “growth in profits and free cash flow for the year” was reiterated, while chief executive Alex Baldock noted it was “well prepared for [the] peak trading period”.
Shares are up 19.8% over the past six months, but have receded from a peak of 94.90p in December to 87.88p.