LONDON (Reuters) - Britain's biggest floor coverings retailer Carpetright
The firm, whose boss Darren Shapland quit after a profit warning in October, said on Tuesday it now expected its full-year underlying pretax profit to be below the lower end of current market expectations.
Analysts had been expecting a pretax profit of between 9 and 10 million pounds ($14.9-$16.6 million), according to Reuters data.
Carpetright said sales at UK stores open at least a year rose 1.9 percent in the 13 weeks to January 25, its fiscal third quarter, compared with a first half decline of 0.8 percent.
However, like-for-like sales in its smaller European unit - comprising Ireland, Belgium and the Netherlands - fell 7.7 percent, having fallen 8.6 percent in the first half, with the Netherlands suffering from "extremely difficult economic conditions".
(Reporting by Neil Maidment; editing by James Davey)