Topps Tiles like-for-likes jumped 6.3% in its third quarter as it continues to build on strong sales momentum.
The tiles specialist retailer reported its sales for the 13 weeks to June 28 were in line with management expectations and it remains “optimistic” about trading conditions for the rest of the financial year.
Topps Tiles chief executive Matthew Williams said: “The like-for-like sales momentum we reported for the first seven weeks of the second half has been maintained for the third quarter as a whole.
“We firmly believe that Topps is continuing to grow ahead of the overall tile market. Whilst consumer sentiment remains favourable, this performance primarily reflects the focus we have placed on profitable market share gains, with Topps’ authoritative range, outstanding service, multichannel convenience and value for money offering a compelling proposition to customers.”
The retailer also claims it has successfully completed the refinancing of its loan facilities through to May 2019.
In its half-year results Topp Tiles reported its pre-tax profit soared from £4.7m to £8m in its half year to March 29 on the back of likes-for-like sales rising 10.2%.