Carpetright issues profit warning

Published:  01 February, 2012

PURFLEET: Carpetright, Britain's biggest seller of flooring materials, and considered a barometer of the house repair and maintenance market, has issued another profit warning; its sixth in a year.

Its UK sales fell by 4.5% in the three months to 21 January with like-for-likes down 0.5%, compared to the same time last year.

Lord Harris of Peckham, the firm's chairman, said: "We expect that underlying pre-tax profits for the full year will be slightly below the lower end of the range of market expectations.

"Looking forward, I see no respite from the challenging environment over the next 12 months but remain confident the group will emerge in a strong position once demand improves," he said.

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight

Recruitment

Builders Merchants Vacancies – UK Wide

We have vacancies all over the UK for those who work within the Building Supplies sector.

Events Diary