Dixons Carphone PLC (LON:DC.) claimed its rejuvenation is on track as the decline in its mobile sales revenue slowed.
The electrical and telecommunications retailer saw an 11% fall in UK & Ireland mobile sales in the ten weeks to 4 January.
Offset by flat revenues in electricals, it resulted in 2% growth for group sales.
The FTSE 250-listed company said there is no change to guidance.
It will also launch a new mobile offer in the first half of the financial year that starts in April.
“We have had a good peak in a weak UK market and we're on track to deliver what we promised for this year, and with our longer-term transformation,” said chief executive Alex Baldock in a release.
Zoe Mills, retail analyst at GlobalData, pointed out that the electrical division was "noticeably better" than rivals such as John Lewis & Partners, as the sector suffered after a weak Black Friday and "limited newness" in the market.
But the mobile division is "still a major concern" and the decline will not end anytime soon, she added.
"Rejuvenating its proposition will be essential in turning its fortunes around in a market that continues to suffer from longer consumer replacement cycles and a move to cheaper sim-only contracts," Mills said in an email.
Shares were up 5% to 149.21p on Tuesday morning.
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