Carpetright says full year profits will be ahead of expectations after it traded strongly in the final three months of its financial year.

Europe’s largest carpet and flooring specialist says underlying pre-tax earnings will be around £13m, after sales in the 12 weeks to 18th April jumped sharply.

Carpetright said total UK sales increased 9 per cent, improving to 10.5 per cent ahead on a like-for-like sales after stripping out the contribution of the net two stores closed during the period. It now has 459 UK sites.

The retailer said full year gross margin would be around 130 basis points lower than it had previously advised, reflecting the retailer’s promotional stance over the quarter.

Currency movements hindered top line performance in the rest of Europe — where Carpetright has 137 stores — as a 0.7 per cent total decline in local currencies worsened to a 13 per cent fall on conversion to sterling.

CEO Wilf Walsh said: “In the UK our continued focus on effective promotional activity and the introduction of an interest free credit offer has supported solid like-for-like sales growth. Sales in the Rest of Europe have also continued to improve, building on the progress made in the third quarter.”

Carpetright will post its preliminary results for the year to 2nd May at the end of June.

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