Topps Tiles has seen another year of record turnover as it continues to make strategic progress to improve performance.
In its trading update for the 52 weeks to September 27, Topps Tiles said adjusted sales grew 6.8% to around £265m.
Including the acquired CTD, total group sales over this period were approximately £296m, up 17.7% year on year and helping the group achieve its medium-term goal of sales to £365m.
Each part of the business: Topps Tiles, Parkside, Online Pure Play and CTD reported year-on-year improvements in the second half of the year.
Like-for-like sales in Topps Tiles grew 7.7% in the second half, up from 3% in the first half.
While costs increased as a result of the national living wage, national insurance contributions and performance-related pay, the group said profit for the year is in the range of market expectations.
Topps said its “trading momentum, strategic progress and strong balance sheet” mean it is well positioned to grow sales and profit into 2026.
Earlier this year, it was announced that chief executive Rob Parker will retire. Along with the trading update, Topps Tiles announced Alex Jensen had joined the group on September 15 as CEO designate and will work with Parker until the end of the year to enable a smooth transition.
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