Carpetright reports ‘year of two halves’ as turnaround continues

Carpetright reported progress with its turnaround

Carpetright has posted reduced annual losses and said there has been strong like-for-like growth in the new financial year.

The floorcoverings giant, which last year underwent a CVA, reported a statutory pre-tax loss of £24.8m in the year to April 27, down from £69.8m in 2018. Underlying EBITDA was £2.9m – which Carpetright said was in line with expectations – versus £7.1m the previous year.

Group revenue slid 13.4% to £386.4m during the year.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.