Carpetright has warned that it remains cautious about expectations for the full financial year.

Earlier this year, the UK’s largest carpet retailer said it expected 2008 to be one of the most difficult years it has faced.

It said its performance in October and November could “materially affect the year-end result”.

In a statement, the retailer said that “continued low levels of consumer confidence due to higher inflation and the further deterioration in the housing and financial markets result in management remaining cautious about its expectations for the full financial year”.

Carpetright’s next trading update is scheduled for October 28.

Analysts forecast profits before tax of£32.2 million to£50 million for the full year.