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Topps Tiles posted strong sales growth and a profit, aided by new products and a rival's collapse.
Topps Tiles reported its fifth straight quarter of sales growth, with a 2% rise in like-for-like sales for its core brand and a 3.7% increase in group sales excluding its CTD business, driven by strong trade customer demand and new product categories.
The company, now under new CEO Alex Jensen, completed CMA-mandated divestments, reducing CTD stores to 22, and acquired assets from collapsed rival Fired Earth for £3 million.
CTD stores saw a 4.7% sales boost, with profitability targeted by 2026.
Topps posted a £8.3 million pre-tax profit for the year to September, reversing a prior-year loss, and shares rose 2% on the news.
Topps Tiles registró un fuerte crecimiento de ventas y un beneficio, ayudado por nuevos productos y el colapso de un rival.