Topps Tiles like-for-like sales up 5.2% in first half
Topps Tiles has reported that like-for-like sales grew by circa 5.2% in the first half of its financial year.
In a trading statement, the tile specialist said that total revenues for the 26 weeks to 28 March will be circa £104 million, which is a 6.4% increase year-on-year.
Matthew Williams, Topps Tiles chief executive, said: “I am pleased to report that trading has been encouraging and we have delivered a like-for-like sales increase of 5.2% for the first half of our financial year. These trading results compare to a particularly strong period in the prior year and reflect a two year like-for-like growth in excess of 15%.”
Looking ahead, Williams said that while the upcoming general election might add some short term uncertainty to trading patterns, rising levels of disposable income should support increased consumer spending on home improvements.
He added: “The group is well positioned to continue to grow market share as we accelerate our plans to extend the appeal of the Topps brand.”
