Carpetright Trading “In Line with Expectations”

Published on : Monday, February 2, 2015

crCarpetright Plc, in its trading update for the 13 weeks ended Jnuary 24, 2015, Said that trading remains in line with managements expectations, and its view for the year as a whole remains unchanged.

 

In the U.K, like-for-Like sale increased by 7.5%. total sales increased by 6.6%. Full year guidance of a decline in gross profit percentage of between 100 and 150 basis points remains unchanged.

 

In local currency terms, like-for-like sales in the rest of Europe (Netherlands, Belgium and Republic of Ireland) increased by 1.7%. total sales declined by 0.8%. after the impact of currency movements this translates to a 6.0% decrease in total sales. Full year guidance of an increase in gross profit percentage of around 250 basis points remains unchanged.

 

“I am pleased to report that the Group’s trading performance improved year-on-year during the third quarter. In the UK our continued focus on effective promotional activity and the introduction of an interest free credit offer from Boxing Day has delivered a like-for-like performance slightly ahead of the level experienced in the first half. Sales in our Rest of Europe business have also continued to improve”. Commented Wilf walsh, Chief Executive of CarpetRight.

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