Topps Tiles Plc has reported strong third-quarter trading, with group adjusted sales up 10.1% for the 39 weeks ending 28 June 2025. This marks a notable acceleration from the 4.1% growth seen in the first half, bringing year-to-date sales up 6.1% year-on-year.
© Carla Nascimento | Dreamstime
All divisions, Topps Tiles, Parkside, and Online Pure Play (Pro Tiler Tools and Tile Warehouse), achieved higher growth rates in Q3. Like-for-like sales in the Topps Tiles brand rose 7.3% in the quarter and are up 4.4% for the year so far. Trade sales continue to outperform homeowner sales, with encouraging signs of recovery in the latter.
Active trade customers increased 12% year-on-year to 150,000, while online sales rose to 21.9% of adjusted sales, up from 19.8% in H1. The group expects improved gross margins in H2, despite ongoing cost pressures from National Insurance and Living Wage increases, totalling around £4 million annually.
Topps also highlighted progress at CTD, now expected to break even by Q4. Strategic initiatives under its 'Mission 365' growth plan are advancing, including a revamped trade website and a new customer engagement platform set to launch shortly.
Source: www.bigfurnituregroup.com