Curries Earnings Surge Drives Share Price Rally

28 days ago

M

"Um well it was the shares rising massively. So they rose about 15% this morning because of very good earnings for curries. And the region that was really driving that is actually the Nordics. So the profit beat was driven primarily by that region. Um and the UK which is the other big market is actually a little bit softer. The margin there for UK and Ireland did actually get worse because of higher staffing costs. So of course we had wage inflation and then those changes to national insurance and that has that's really weighed a little bit on that margin for that UK business. So let's see if CRIS is kind of able to mitigate those challenges in the UK and continue that momentum in the Nordics if it wants to maintain what's been really good share price performance lately."

The discussion centers on Curries' strong earnings performance, particularly in the Nordics where profit growth is robust, despite margin pressures in the UK due to higher staffing costs and wage inflation. The commentary suggests monitoring whether CRIS can overcome these challenges to sustain its current momentum, reflected by a 45% year-to-date rise in share price.

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