Topps Tiles (TPT)

Sector:

Retailers

Index:

FTSE Small Cap

39.40p
   
  • Change Today:
    -0.35p
  • 52 Week High: 53.60p
  • 52 Week Low: 38.20p
  • Currency: UK Pounds
  • Shares Issued: 196.67m
  • Volume: 49,700
  • Market Cap: £77.49m
  • RiskGrade: 190
  • Beta: 0.30

Topps Tiles pins hopes on market recovery in 2025 as LFL sales fall

By Benjamin Chiou

Date: Wednesday 02 Oct 2024

LONDON (ShareCast) - (Sharecast News) - Tile retailer Topps Tiles reported a slight sequential improvement in its fourth quarter as the decline in like-for-like sales eased, with the company pointing to a "stronger market" next year.
Adjusted group sales for the year ended 28 September totalled £248m, down 5.7% from last year's record high of £263m.

Topps has had to deal with weak demand in the domestic repair, maintenance and improvement sector over the year, especially for bigger ticket projects, as elevated mortgage rates curtail homeowner spending. Sales to trade customers have continued to be "more resilient" than sales to homeowners.

However, the company said it has continued to outperform the wider market, which has declined by 10% to 15% year-on-year.

In the fourth quarter in particular, like-for-like sales were down 8.2%, compared with the 9.7% LFL decline in the third quarter, as comparatives with the year before eased.

Looking ahead, chief executive Rob Parker said: "Macro-economic indicators point to a stronger market in 2025. While the timing and trajectory of the recovery remains hard to predict, we are confident that our clearly articulated and proven strategy will enable the further development of the group in all market conditions."

The stock was down 1.6% at 43.25p by 0910 BST.

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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 39.40p
Change Today -0.35p
% Change -0.88 %
52 Week High 53.60p
52 Week Low 38.20p
Volume 49,700
Shares Issued 196.67m
Market Cap £77.49m
Beta 0.30
RiskGrade 190

Topps Tiles Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
37.26% above the market average37.26% above the market average37.26% above the market average37.26% above the market average37.26% above the market average
60.98% above the sector average60.98% above the sector average60.98% above the sector average60.98% above the sector average60.98% above the sector average
Price Trend
15.78% below the market average15.78% below the market average15.78% below the market average15.78% below the market average15.78% below the market average
Sector averageSector averageSector averageSector averageSector average
Income
89.17% above the market average89.17% above the market average89.17% above the market average89.17% above the market average89.17% 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
74.01% below the market average74.01% below the market average74.01% below the market average74.01% below the market average74.01% below the market average
47.62% below the sector average47.62% below the sector average47.62% below the sector average47.62% below the sector average47.62% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
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
  Interim Final
Ex-Div 06-Jun-24 21-Dec-23
Paid 12-Jul-24 02-Feb-24
Amount 1.20p 2.40p

Trades for 21-Nov-2024

Time Volume / Share Price
16:19 2 @ 40.80p
16:06 12 @ 40.80p
16:06 13 @ 39.40p
16:04 121 @ 40.80p
16:00 3,282 @ 39.77p

Topps Tiles Key Personnel

CEO Robert Parker
CFO Stephen Hopson
Chair Paul Forman

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