Posted 3rd April

Topps Tiles sees LFL revenue uptick in H1 2019

By KBBDaily on 3rd April 2019 - 10:56am
money matters, materials, topps tiles, revenue, sales, kbb, kbbdaily, financial, report

Topps Tiles has reported a 0.2% increase in like-for-like revenues for the first half of the 2019 financial year, ending on the 30th March 2019, while total sales fell from £109.4m to £108.8m in the period.

The group said trading over the second quarter improved from Q1, with like-for-like sales increasing by 1.8%, adding that “the continued execution of our [Out Specialising the Specialists] strategy is enabling us to outperform the overall tile market”.

The group said it completed 39 mini refits in the UK during the period, bringing the total number of completed stores to 180. “Developing and reinforcing our specialism in tiles is at the heart of our growth strategy,” said Topps Tile CEO Matthew Williams.

“I am encouraged by our overall performance in the first half and believe the successful execution of this strategy is enabling us to outperform the overall tile market. Our commercial business is growing at pace and we remain open to opportunities to accelerate its expansion.”

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