8th Jan 2025 09:37
(Alliance News) - Topps Tiles PLC on Wednesday reported an improved trading performance during the first quarter.
The Leicester, England-based tile specialist reported a 4.6% rise in sales in the quarter ending December 28.
It attributed the improved sales to trade revenue growth at both Topps Tiles and Pro Tiler tools during the quarter.
Topps Tiles noted a 7% increase on-year in the total number of active registered traders to 141,000 for the period, with the number of new traders registering more than doubling.
Chief Executive Officer Rob Parker said: "We are pleased to see the Group return to sales growth in the first quarter of the new financial year."
He continued: "Whilst it is early in the financial year and macroeconomic indicators remain mixed, we are pleased that our growth strategy is delivering strong results, which leaves us well positioned to deliver our goal of Mission 365."
Topps Tiles also announced that Parker will retire from the company, but said he will remain in the post until a successor has been appointed.
Topps Tiles shares were up 4.3% at 38.80 pence each in London on Wednesday morning.
By Lydia Doye, Alliance News reporter
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