The eponymous business achieved a 2% increase in like-for-likes in the first quarter to December 27, helped by a 3.7% advance in its trade business and category extensions.
The group, which notched up record revenues in its last financial year, posted revenue growth of 3.7% year on year, ”outperforming the market”, excluding the CTD Tiles business acquired in 2024.
Including CTD Tiles, group sales were up 1.6%. The number of CTD stores has fallen to 22 from 31 after the Competition and Markets Authority (CMA) ordered some disposals, and at the remaining CTD business, like-for-likes were up 4.7%.
Last month, Topps acquired the Fired Earth brand, website and stock. Topps said there has been “strong demand” from Fired Earth customers.
Topps chief executive Alex Jensen said: “The group continued to deliver growth in Q1 across each of our existing businesses and delivered like-for-like growth in CTD stores, whilst achieving some significant milestones, including appointing an interim and permanent CFO, closing the CMA process with CTD, and acquiring Fired Earth assets. We are confident of delivering another year of progress both strategically and financially.”
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