Topps Tiles PLC (LSE:TPT) always seems to be running hard to stand still and will be hoping it has some better news about the third quarter after what it said was a difficult first half.
Interim sales were down almost 6% and the group posted a modest loss against a similar-size profit a year ago.
The tile merchant has been what it to improve its position with gross margins up in the first half and the company taking market share in a market it says has dropped by 20% overall since 2019.
That’s a tough backdrop and Topps will be hoping that the recent signs of an uptick in the economy start to feed through into spending on new kitchen and bathroom tiles and floors.
Earlier in the year, management has also said it expects results this year to be materially second half weighted.
Topps, which has around 300 stores, publishes a third-quarter update on 3 July.