Home Business NewsBusinessBusiness Growth News Carpetright shares rise by 25 per cent

Carpetright shares rise by 25 per cent

by LLB Reporter
25th Apr 19 11:08 am

Carpetright has announced their performance has improved in the fourth quarter following a difficult year.

Trading performance in the 12 weeks to 20 April is inline with expectations, and like-for-like sales showed a big turnaround.

Shares soared by 25% as the retailer maintained their target of £19m in savings for the year.

Wilf Walsh, chief executive said, “This has been a transitional year for Carpetright, and we remain on track both with our recovery plan and our strategic initiatives.

“The actions taken are driving improvement, particularly in the invested store estate, and the brand remains strong.

“Whilst consumer confidence remains challenged in the UK, the work we have done to reposition the business is starting to deliver the benefits necessary to put Carpetright back on the path to sustainable profitability.”

Leave a Comment

You may also like


Sign up to our daily news alerts

[ms-form id=1]