Floor coverings retailer Carpetright is expected to announce strong interim results on Tuesday following its most recent trading update for the 12 weeks ended October 24, which showed group sales up 10.3%, while like-for-like sales rose 5.6%.
KBC Peel Hunt analyst John Stevenson was bullish about the future and said: “Carpetright looks well placed to deliver record UK sales this year. With a number of new revenue streams driving earnings independently from economic recovery, we expect Carpetright to continue to outperform.”
Stevenson pointed to the positive and ongoing impact of rival Allied Carpets’ demise and the potential for new contracts to supply both the new build housing market and the domestic insurance market.
The acquisition of Sleepright in 2008 has also improved sales densities and its transactional website recently went live.