Carphone Warehouse reveals Q2 results

Group like-for-like revenue grows by 3.7 per cent
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Carphone Warehouse has announced its financial figures for the second quarter of 2010, ending on July 3rd.

Overall year-on-year revenue rose by 3.7 per cent in constant currency, from £773 million to £794 million, although reduced sales of pre-pay mobile phones meant that connections were down by 1.1 per cent.

Although it did not mention any specific figures, the retailer is “delighted” by the performance of the Best Buy outlets recently opened in the UK.

“We've had a good start to the year, meeting our expectations and enabling us to reiterate the full-year guidance we gave in our April strategy update,” said Carphone Warehouse’s CEO Roger Taylor.

“Our vision of the Connected World strikes a strong chord with customers. They want the powerful communication and connectivity devices that are increasingly available, and value our people's ability to set them up so that they can ‘walk out working’. This theme, coupled with impartial advice, best value promise and informed service runs across all of the Best Buy Europe businesses and is helping to drive their growth and customer loyalty.”