Topps Tiles Plc (TPT.L) reported that its group sales for the fourth quarter were 4.4% lower, a slight improvement on the trends seen across the rest of the year, largely reflecting the weaker comparatives from the end of fiscal year 2023. Like-for-like sales in Topps Tiles were 8.2% lower year-on-year in the fourth quarter with trading levels remaining stable.
In its a trading update for the 52-week period ended 28 September 2024, the company said group sales for the year, excluding revenues from the assets acquired from the administrators of CTD, were approximately 248 million pounds, a decline of 5.7% from the Group record high of 263 million pounds reported in the previous year. Like-for-like sales for the year were 9.1% lower year-on-year.
The Group will report its results for the 52-week period ended 28 September 2024 on 26 November 2024.
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