Dixons Carphone is expected to report a sharp fall in profits this week as the retailer continues to reel from a mammoth data breach that saw millions of customer details hacked in a cyber attack.
The electricals chain is forecast to report a 23% decline in headline full-year pre-tax profits to £382 million, according to a consensus of City analysts.
HSBC's Andrew Porteous said the figures have been dragged down by the poor performance of the company's mobile phone division, as well as investment.
The results will come after a bruising period for the retailer.
In May, Dixons Carphone shares tumbled as the company warned that profits would continue to fall, and then it recently came clean over a cyber attack.
George Salmon, equity analyst at Hargreaves Lansdown, said: "These results come less than a month after a jarring profit warning saw the shares drop 21%, giving up the gains made earlier in the year, and a data breach."
The cyber attack saw 5.9 million customer bank card details and 1.2 million personal data records hacked.
The retailer behind Currys said that while 5.8 million of the payment cards targeted were protected by chip and pin, around 105,000 non-EU cards without chip and pin protection were compromised.
It piles further pressure on new boss Alex Baldock, who replaced the longstanding Seb James earlier this year.
Mr Baldock is grappling with challenges in the troubled mobile phone unit and has already pledged to shut nearly 100 Carphone Warehouse stores this year.
Hard-pressed consumers are holding on to older devices for longer and going sim-only, which has dented the group's performance.
Mr Salmon expects the new boss to lay out the rest of his plans for turning the group around.
"While revenue continues to rise, margins are heading south. Turning this around while under pressure from Amazon et al will be a challenge.
"However, new CEO Alex Baldock is a man with a plan. He's already committed to spending an extra £30 million on improving the in-store experience for customers, and he'll be setting out the rest of his plans for turning the group's fortunes around next week."
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here