Essential reading for retailers and suppliers in the home improvement market

Topps Tiles predicts small rise in annual profit

Published: 30 September 2013
Topps Tiles is expecting to report a marginal rise in profits when it posts its full-year results on November 26.
Topps Tiles predicts small rise in annual profit
The UK's leading tile and wood flooring retailer said in a trading statement that pre-tax profit for the 52 weeks to September 28 would be in the region of £13m, slightly up from last year's £12.8m, while revenues are likely to be broadly flat at £177.7m. Like-for-like sales are expected to fall 0.5%.

Topps Tiles said a rise in consumer confidence had delivered flat final-quarter sales, halting the slide of the previous two quarters.

"After the declines seen in the second and third quarters, sales over the final three months of our financial year have been broadly level on a like-for-like basis, which provides encouragement for the year ahead," said chief executive Matthew Williams.

"The economy is starting to show signs of a gradual recovery and our business is well positioned to capitalise on any improvements in consumer confidence and increased levels of discretionary expenditure."

The retailer opened 18 stores and closed or relocated 15 during the financial year, and now trades from 328 outlets.

Comments


(Your email address will not be published)
8 + 3 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories