Topps Tiles has seen improved trading during Q3 (April – June) with Group sales (excl. the CTD acquisition) up 10.1% yoy compared to 4.1% in H1, causing YTD sales to be up 6.1% versus Zeus’ prior FY25 revenue forecast of +3.9%. The strong L4L Q3 performance in its core Topps Tiles division of +7.3% (+4.4% YTD) is highly encouraging and should translate into improved operational gearing for the Group given the c. 300 stores it operates. Zeus’ forecasts were predicated on improved trading in H2, w ....

02 Jul 2025
Topps Group (TPT LN) - Q3 update - BUY

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Topps Group (TPT LN) - Q3 update - BUY
Topps Tiles Plc (TPT:LON) | 37.6 -0.3 (-2.2%) | Mkt Cap: 73.9m
- Published:
02 Jul 2025 -
Author:
Andy Hanson | Charlie Williams -
Pages:
8 -
Topps Tiles has seen improved trading during Q3 (April – June) with Group sales (excl. the CTD acquisition) up 10.1% yoy compared to 4.1% in H1, causing YTD sales to be up 6.1% versus Zeus’ prior FY25 revenue forecast of +3.9%. The strong L4L Q3 performance in its core Topps Tiles division of +7.3% (+4.4% YTD) is highly encouraging and should translate into improved operational gearing for the Group given the c. 300 stores it operates. Zeus’ forecasts were predicated on improved trading in H2, w ....