Topps Tiles has reported a rise in like-for-like sales of 3.8% for the third quarter of its 2019 financial year, a marked improvement from the 2.3% loss reported in the same period in 2018.
The company said its ‘out-specialising the specialists’ strategy “continues to deliver strong results”, adding that it opened three new sites during the period, resulting in 365 retail stores in total.
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“The business performed well over the third quarter with like-for-like sales growing by 3.8%,” said Topps Tiles CEO Matthew Williams.
“While this is in part due to a softer trading period in the prior year we are encouraged that the successful execution of our strategy is delivering good trading results.”
In May, Williams said the group had delivered a “resilient” first-half performance despite reporting a 0.2% year-on-year decline in revenue and an 18.8% drop in pre-tax profit.