Currys Plc Chief Executive Officer Alex Baldock is stepping down after eight years in charge of an electricals retailer he helped turnaround following an ill-advised merger. The executive is leaving Currys, which was created in 2014 when electronics retailer Dixons merged with the Carphone Warehouse mobile chain, to take a new, undisclosed external position. He will remain in his role while the bo...
Currys Plc Chief Executive Officer Alex Baldock is stepping down after eight years in charge of an electricals retailer he helped turnaround following an ill-advised merger. The executive is leaving Currys, which was created in 2014 when electronics retailer Dixons merged with the Carphone Warehouse mobile chain, to take a new, undisclosed external position. He will remain in his role while the board starts a recruitment process to replace him, the company said Thursday. Baldock is credited with steadying the business after it was nearly overcome by a disastrous merger, which caused hundreds of millions of pounds in losses, store closures and ultimately the disposal of the Carphone Warehouse brand and operations in Greece. Under Baldock the company became a focused electronics retailer with less dependence on selling mobile phones. Before joining Currys, Baldock ran Shop Direct, now known as the Very Group, and also spent time working in the finance industry. Currys said it’s on track to report a group adjusted profit before tax of as much as £190 million ($254 million) this fiscal year. Shares of Currys are up 47% in the 12 months through Wednesday’s close. Baldock leaves Currys a “significantly stronger business”than the one he inherited in 2018, according to Wayne Brown , an analyst at Panmure Liberum, a broker to Currys. “He also steered the company though both the Covid crisis and the cost-of-living crisis, strengthening its resilience and accelerating market-share gains profitably,” Brown said. “As a result, Currys has delivered a substantial reduction in the pension deficit, moved from a net-debt to a net-cash position, and restored margins back to pre-Covid levels in the fact of tough macro conditions.”
MillerKnoll press release ( MLKN ): Q3 Non-GAAP EPS of $0.43 misses by $0.02 . Revenue of $926.6M (+5.8% Y/Y) misses by $15.35M . Orders of $931.6 million, up 9.2% as reported and up 7.2% organically, year-over-year, driven by growth in North America Contract and Global Retail segments. Gross margin increased 20 basis points. Adjusted operating margin of 5.7%, compared to 6.6% in the prior year. C...
MillerKnoll press release ( MLKN ): Q3 Non-GAAP EPS of $0.43 misses by $0.02 . Revenue of $926.6M (+5.8% Y/Y) misses by $15.35M . Orders of $931.6 million, up 9.2% as reported and up 7.2% organically, year-over-year, driven by growth in North America Contract and Global Retail segments. Gross margin increased 20 basis points. Adjusted operating margin of 5.7%, compared to 6.6% in the prior year. Cash flow from operations of $61.1 million, compared to $62.1 million in Q3 last year Net debt-to-EBITDA ratio, as defined by our Credit Facility, of 2.75x Fourth Quarter 2026 Outlook The table below presents our expectations for the fourth quarter fiscal 2026 financial operating results: Q4 FY2026 Net sales $955 million to $995 million vs. consensus of $993.2M Gross margin % 38.5% to 39.5% Adjusted operating expenses* $311.5 million to $321.5 million Interest and other expense, net $14.6 million to $15.6 million Adjusted effective tax rate* 23.0% to 25.0% Adjusted earnings per share - diluted* $0.49 to $0.55 vs. consensus of $0.61 Click to enlarge More on MillerKnoll MillerKnoll, Inc. (MLKN) Q3 2026 Earnings Call Transcript MillerKnoll, Inc. 2026 Q3 - Results - Earnings Call Presentation MillerKnoll outlines Q4 net sales outlook of $955M–$995M while expanding retail footprint and managing Middle East risks Seeking Alpha’s Quant Rating on MillerKnoll Historical earnings data for MillerKnoll