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Topps Tiles continues upward sales in Q1

Published: 8 January 2013
Tile and flooring retailer Topps Tiles has revealed a 1.6% sales increase like-for-like for the 13 weeks ending December 29, 2012.
Topps Tiles continues upward sales in Q1
It's a positive continuation of increasingly stable sales for the retailer compared with this time last year, when LfL revenue was down more 4.2% for the same quarter. By the end of its last financial year, Topps had turned around £12.5m in pre-tax profits.
The latest like-for-like growth strengthened during the final six weeks of its first quarter, and was "within the range of management expectations."

The group, which holds its annual general meeting on January 23, said: "There have been no significant or unexpected changes in the financial position of the group since the publication of the annual financial report for the 52 weeks ended 29 September, 2012."

First half results will be announced on March 27, 2013.

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