Topps Tiles sees full-year profit in line as revenue falls 1.3%

  • Topps Tiles said full-year profit should meet current market expectations.
  • £6.6 million is the company’s expected adjusted pretax profit.
  • CTD now operates 23 stores, down from 31 a year earlier.

Topps Tiles said Thursday that full-year profit should meet market expectations despite a 1.3% decline in group revenue to £292 million for the 52 weeks to September 26. Revenue excluding CTD rose 0.7% to £267 million, while like-for-like sales (sales from comparable stores) at Topps Tiles slipped 0.1%. Adjusted pretax profit is expected at about £6.6 million, within the latest analyst consensus range of £6.5 million to £6.7 million. Pro Tiler Tools revenue rose 18.2% to a record £42 million, while online sales reached 22.7% of full-year revenue. The company said it outperformed a wider home-improvement market that declined 1.7%, and completed a cost-cutting and store-optimisation program.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.