Trading Statement
August 08 2006 - 3:01AM
UK Regulatory
RNS Number:3649H
Carpetright PLC
08 August 2006
8 August 2006
Carpetright plc
First Quarter Trading Statement
Carpetright plc, Europe's leading specialist carpet and floor coverings
retailer, today announces its first quarter trading update, which covers the
first 13 weeks of the financial year ending 28 April 2007.
The UK and Republic of Ireland business has recorded a total sales increase of
4.3% with like for like sales down by 0.3%. The Rest of Europe has recorded a
total sales increase of 9.1% with like for like sales up by 3.9%.
Within the UK and Republic of Ireland we have opened 39 stores and closed three
taking the total number of stores to 476 including 57 concessions.
Additionally, we have opened one store in The Netherlands taking the Group total
to 575 stores.
Lord Harris of Peckham, Chairman and Chief Executive, said:
"Sales were strong in May but June and July were adversely affected by the
unseasonably hot weather across the UK and Europe. August has started
encouragingly."
"We continue to expand our store base and have improved gross margins.
Additionally, we are starting to see a softening in rental cost inflation for
the first time in many years."
The next update on trading will be provided on 24 October 2006 with a pre-close
statement. The first half closes on 28 October 2006.
For further enquiries please contact:
Carpetright plc
Ian Kenyon, Group Finance Director 01708 525522
Citigate Dewe Rogerson
Sara Batchelor / Fiona Mulcahy 020 7638 9571
Carpetright plc
First Quarter Trading Statement
Store Base 29 July 2006 29 April 2006 30 July 2005
UK & RoI
Large 362 354 347
Small 57 46 31
Concessions 57 40 33
476 440 411
Rest of Europe
Belgium 28 28 29
The Netherlands 69 68 63
Poland 2 2 -
99 98 92
Group Total 575 538 503
This information is provided by RNS
The company news service from the London Stock Exchange
END
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