Carpetright, the UK’s largest carpet retailer, said annual earnings will miss analysts’ estimates and cut its dividend as consumer confidence slumps.
"Results for the full year will be significantly below current consensus," the company said today in a statement. First-half net income dropped to £6.8 million from £20 million.
Carpetright operates 26 outlets in the Republic.
The first-half dividend was reduced to 4 pence a share from 22 pence a year earlier.
Bloomberg