Topps Tiles Shares Climb: Sees 5th Consecutive Quarter of Like-for-Like Growth

Topps Tiles (LON: TPT) shares rose 3.7 percent in early Wednesday trading after the retailer reported continued momentum in its first-quarter update, marking a fifth consecutive quarter of like-for-like growth in its core brand.

For the 13 weeks to 27 December 2025, group revenue excluding CTD increased by 3.7 percent year on year, outperforming a weak home improvement market that contracted in both October and November.

The company said its Topps Tiles brand delivered like-for-like growth of 2 percent, supported by a 3.7 percent rise in trade sales and further progress in its “Mission 365” strategic categories.

Including CTD, group sales rose 1.6 percent. The unit is now smaller, with 22 stores compared with 31 a year earlier, following the completion of Competition and Markets Authority-mandated disposals in December.

The remaining CTD stores delivered like-for-like growth of 4.7 percent, which the company said provides a solid foundation for returning the business to profit in the 2026 financial year.

Digital channels also continued to expand, with online revenue across the group reaching 19.7 percent of total sales in the quarter, up 70 basis points from last year. The company highlighted the successful integration of its Bloomreach customer engagement platform and said its new trade app remains on track for launch in the third quarter.

Topps Tiles also said it had rapidly established a supply chain and transactional website for the Fired Earth brand, acquired in December, enabling it to meet strong customer demand.

New chief executive Alex Jensen said the group “continued to deliver growth in Q1 across each of our existing businesses” and expressed confidence in delivering further strategic and financial progress this year.