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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Carpetright - Gross margin up 0.9%

February 2003

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CPR
Carpetright announced record interim results for the 27 weeks to 2 November with pretax profit up 15.7% to £25.8m on turnover up 14.4% to £198.3m. Like-for-like sales growth was 5.1% but has since slowed to 1.5% against tough comparatives for the first six weeks of the second half.   The key growth drivers that we identified in ourDecember recommendation, (such as the new in-house five metre cuttingmachine, higher average transaction values and better buying) poweredgross margins up by 0.9% to 57.7%.  Analysts believe margins willincrease a further 2% in the second half which will more than compensate for any continued slowing in same store sales growth as wellas the rise in central costs (including 100 new store s ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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