Topps Tiles hails fifth consecutive quarter of LFL sales growth

(Sharecast News) - Tile specialist Topps Tiles reported its fifth consecutive quarter of like-for-like sales growth on Wednesday. In the 13 weeks to 27 December, revenue excluding CTD - the tile business it bought in August 2024 - rose 3.7% year-on-year, outperforming the market.

Revenue in the Topps Tiles brand grew 2.0% on a LFL basis, supported by a continued strong performance in trade and growth in the company's "Mission 365" strategic category extensions. This marked the fifth quarter in a row of LFL growth for the brand, helping to mitigate the impact of the continued cost inflationary environment, it said.

Including CTD, group sales rose 1.6% in the first quarter. Topps Tiles pointed out that the CTD operation is now smaller than it was in the prior year, trading from 22 stores, down from 31.

The company also said on Wednesday that the fourth and final CMA disposal store was completed in December 2025, bringing the CMA process to a conclusion.

The remaining CTD stores delivered consistent LFL growth of 4.7% in the period, it said.

The retailer said it continues to make "excellent" progress with the "Mission 365" digital journey, with group online revenue including CTD at 19.7% of total group revenue for Q1. This is a 70 basis points increase on 2025 and a 270bps increase on the first quarter of last year.

Chief executive Alex Jensen said: "The group continued to deliver growth in Q1 across each of our existing businesses and delivered like-for-like growth in CTD stores, whilst achieving some significant milestones, including appointing an interim and permanent CFO, closing the CMA process with CTD and acquiring Fired Earth assets.

"We are confident of delivering another year of progress both strategically and financially."