Carpetright issues profit warning on 'sharp deterioration' in trade - News Summed Up

Carpetright issues profit warning on 'sharp deterioration' in trade


Carpetright warned on full-year profit on Friday, saying sales in the key post-Christmas period were significantly below expectations. Carpetright warned on full-year profit on Friday, saying sales in the key post-Christmas period were significantly below expectations. Like-for-like sales in the core flooring category fell 7.1pc in the post-Christmas period. It said UK trading was impacted by lower customer footfall, with transaction numbers down significantly year-on-year. Carpetright slashed its full 2017-18 year underlying pretax profit guidance to a range of £2m to £6m.


Source: Irish Independent January 19, 2018 08:03 UTC



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