Company
Topps Tiles PLC
LON:TPT
Topps Tiles PLC is engaged in the retail and wholesale distribution of ceramic tiles, wood flooring and related products. The company operates in three retail operating divisions: Topps Tiles (Topps), Tile Clearing House (TCH) and Topps Floorstore (Holland). The wholly owned subsidiaries of the company are Topalpha Limited, which is engaged in property management and investment; Multi Tile Limited, which is engaged in retailing and wholesaling of ceramic tiles, wood flooring and related products; Topps Tiles Holdings, which is an intermediate holding company; Topps Tiles Distribution Limited, which is engaged in the wholesale and distribution of ceramic tiles, wood flooring and related products; Topps Tiles (UK) Limited, which is engaged in the retailing and wholesaling of ceramic tiles, wood flooring and related products, and Topps Tiles Holdings BV, which is engaged in retailing and wholesaling of ceramic tiles, wood flooring and related products. Topps Tiles is traded in the ISDX Exchange HERE
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FTSE 100 closes in the green despite generally weaker day for equities
At the close, the UK's blue-chip index had gained 0.4% to finish at 7,663 points
Topps Tiles expects profits at the top end of expectations
In a trading update for the 52 weeks to 1 October 2022, it said group sales were around £247.3mln, a second consecutive record year of turnover, with year-on-year sales growth of 10.6% on a comparable 52-week basis
Topps Tiles third-quarter trading in line as sales grow 9.2%
Chief executive Rob Parker said the growth in sales was achieved despite the continuing headwinds from lower consumer confidence, supply chain challenges and high inflation
Topps Tiles acquires Pro Tiler as trading stays in line with expectations
Initial deal for Pro Tiles valued at £5.6mln, with forecast profits for the year in line with expectations
Topps Tiles says inflation to blame as it warns over margins
The company says it has taken steps to mitigate the impact caused by current environment
Topps Tiles to beat profit consensus as revenues hit record
"Mitigation or pass-through of the associated cost pressures remains a key focus for the business"
Topps Tiles expects sales spike once COVID-19 restrictions lift
In the half-year to March 27, revenues dipped 2% to £103mln
Archive
Topps Tiles to file update on Wednesday, UK GDP eyed
Other companies in the diary for the last day of March include Gulf Keystone Petroleum, Gattaca and James Halstead
Topps Tiles expects sales, margin hit during new coronavirus lockdown
The tiles seller is allowed to continue trading under the building materials exemption but browsing stores will not be allowed
Topps Tiles sets 20% market share goal by 2025 after loss
The tiles firm aims to account for £1 in every £5 spent on tiles in the UK by 2025
Topps Tiles appoints new chief financial officer
Stephen Hopson is currently director of central finance for Western Europe at US brewer Molson Coors
Topps Tiles expects modest full-year profit after robust summer trading
Home improvement and DIY demand have been driving sales in the summer months
Topps Tiles says sales top expectations following stores reopening
Average weekly sales went from £800,000 in April to £3.9mln last week, only 5% below last year’s figures
Topps Tiles to open all stores by end of June
The tiles retailer has trialled gradual openings since April, with 250 stores currently operational
Topps Tiles drops dividend, “well-positioned” to recover
The retailer dropped financial guidance for the second half but said it has “good levels of liquidity”