The leading laminate and wooden flooring chain's like-for-like sales in the first three months of the year were down 2.55 per cent compared with like-for-like sales in the first nine months as a public company.
In March, the retailer said turnover reached£61.9 million in the nine months to December 31. Profit on ordinary activities during the period was£5.2 million.
After being floated last April, the company initially expanded at a break-neck rate and acquired the interest of a potential bidder toward the end of last year. However, the board could not agree a fair selling price and venture capitalists lost interest in the acquisition.
The company remains encouraged that overall sales were still up 14.7 per cent and gross margin improvements of 50 per cent were experienced in the first three months in the year.
This may be set to improve with the opening of its new warehouse at the beginning of April, which will allow a 124 per cent increase in distribution space.
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