Topps Tiles (TPT)

Sector:

Retailers

Index:

FTSE Small Cap

45.20p
   
  • Change Today:
      0.65p
  • 52 Week High: 56.40p
  • 52 Week Low: 43.10p
  • Currency: UK Pounds
  • Shares Issued: 196.68m
  • Volume: 123,201
  • Market Cap: £88.90m
  • RiskGrade: 190

Topps Tiles sees FY profits towards top end of market expectations

By Michele Maatouk

Date: Wednesday 05 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Topps Tiles said on Wednesday that full-year profits were set to be towards the upper end of market expectations after another record year for sales.
In an update for the 52 weeks to 1 October, the tile specialist said group sales came in at around £247.3m, up 10.6% on the previous year. Group sales in the 13 weeks to 1 October were 4.3% higher, meanwhile, with positive progress across the business.

Topps said it continues to perform well against a very strong comparative period last year. Like-for-like sales were down 1.2% on the year in the final quarter, with the underlying LFL sales trend similar to that reported in the third-quarter update. For the full year, LFL sales growth was 9.4%.

Topps said average weekly sales per store were 25% higher than in the pre-pandemic period of FY19. Around half of this growth is due to the transfer of sales from closed stores as it rationalised its store network and improved store sales densities, while the remainder was down to underlying sales growth, including particular strength in trade sales.

Chief executive Rob Parker said: "We are delighted to have delivered a second successive year of record sales for the group, with profits expected to be towards the upper end of market expectations. All parts of the group contributed to this performance and are making good strategic progress as we develop and diversify the business.

"Our market leading omni-channel retail business, Topps Tiles, has performed well against strong prior year comparatives and we are continuing to grow our base of loyal trade customers.

"The Group has worked hard to achieve a strong balance sheet with positive net cash and this will serve us well as we move into a period of macroeconomic volatility, leading to a more uncertain environment for consumers."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Topps Tiles Market Data

Currency UK Pounds
Share Price 45.20p
Change Today 0.65p
% Change 1.46 %
52 Week High 56.40p
52 Week Low 43.10p
Volume 123,201
Shares Issued 196.68m
Market Cap £88.90m
RiskGrade 190

Topps Tiles Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
33.20% above the market average33.20% above the market average33.20% above the market average33.20% above the market average33.20% above the market average
73.68% above the sector average73.68% above the sector average73.68% above the sector average73.68% above the sector average73.68% above the sector average
Price Trend
19.2% below the market average19.2% below the market average19.2% below the market average19.2% below the market average19.2% below the market average
12.2% below the sector average12.2% below the sector average12.2% below the sector average12.2% below the sector average12.2% below the sector average
Income
93.44% above the market average93.44% above the market average93.44% above the market average93.44% above the market average93.44% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
78.17% below the market average78.17% below the market average78.17% below the market average78.17% below the market average78.17% below the market average
35% below the sector average35% below the sector average35% below the sector average35% below the sector average35% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Topps Tiles Dividends

  Latest Previous
  Final Interim
Ex-Div 21-Dec-23 08-Jun-23
Paid 02-Feb-24 14-Jul-23
Amount 2.40p 1.20p

Trades for 28-Mar-2024

Time Volume / Share Price
16:04 3,530 @ 44.86p
15:40 2 @ 45.90p
15:40 47 @ 45.90p
15:40 100 @ 45.90p
15:40 4 @ 45.90p

Topps Tiles Key Personnel

CEO Robert Parker
CFO Stephen Hopson
Chair Paul Forman

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