Carpetright trading improves in Q3 after new Boxing Day promotions

For the 13 weeks to January 24, Carpetright’s 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 the rest of Europe, like-for-like sales increased by 1.7%. Total sales declined by 0.8%. After the impact of currency movements, this translates to a 6% decrease in total sales.  

Carpetright chief executive Wilf Walsh said: “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.

“Trading remains in line with management’s expectations and our view for the year as a whole remains unchanged.”