Home Business News Topps Tiles lifts profit forecast

Topps Tiles lifts profit forecast

by LLB Reporter
3rd Oct 18 8:44 am

UK homewares retailer Topps Tiles expects full-year adjusted pre-tax profit to be slightly ahead of market expectations after sales picked up in the final quarter.

“Looking ahead, the uncertainty in the UK economic outlook means we remain cautious,” the company said in a statement.

“I am pleased to report an improvement in trading over the final quarter which has enabled the Group to post a full year sales result which is slightly ahead of the top end of market expectations and which represents an outperformance of the overall tile market,” said Topps chief executive Matthew Williams.

In order to boost margins and gain market share, Topps Tiles has been launching new products and investing in promotions to attract retail customers. It also has been expanding into the commercial tile market to cater to bigger clients like house builders and architects.

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