Topps Tiles expects pre-tax profit to have surged 30% in the current financial year owing to its “relentless” focus on growing market share.
Topps Tiles revealed that for the 52 weeks to September 26, it expects to have generated pre-tax profit of £17m. Sales are to hit £195m in the year, up £177.8m, with like-for-like sales jumping 8%.
The tile specialist retailer was reporting on the year prior to its close period.
Topps Tiles chief executive Matthew Williams said: “I am delighted to be concluding an excellent year for Topps.
“Our relentless focus on growing profitable market share continues to be the successful driver of our business. We are confident that we can make further progress, in this respect, during the year that lies ahead.”
Topps Tiles opened 16 stores in the year to create a 335 store estate and closed or relocated nine in the year.
The retailer added that it has appointed company solicitor Stuart Davey as its company secretary.