Topps Tiles to report like-for-like increase

Topps Tiles says it expects to report that like-for-like revenues have increased by c.1.8% in the half-year to 2nd April.

Total revenues for the 26 week period from continuing businesses will be in the region of c.£89.2m (2010: £91.4m), a c.2.5% decrease on the 27 week period last year. When restated on a same reporting week basis the total revenues will be in the region of c.1.5% ahead of the prior period.

Second quarter revenues are expected to have increased by c.1.4% compared to quarter 2 2010, with like-for-like revenues increasing by c.1.4%.

The Group is currently trading from a total of 313 stores and expects to end the financial year with c.320

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