Carpets and rugs seller Carpetright (CPR) unfurls interim results on 9 December. The statement will enable investors to see if the improving trading trends flagged in its second quarter update (14 Oct) have continued throughout October and November.
New CEO Wilf Walsh highlighted UK like-for-like sales growth of 7% over the 11 weeks to 11 October, as well as a further reduction in the rate of sales decline in Europe, where the retailer's businesses in Holland and Belgium are expected to swing to a first half profit.
Walsh also assured downgraded full-year profit expectations should be met, a relief in light of a series of earnings disappointments. Gross margins have remained under pressure amid cautious consumer spending and cut-throat competition.
