04 July 2012 10:15
Topps Tiles, the UK's largest tile and wood-flooring specialist retailer reported robust sales today as homeowners focused on indoor improvements during the recent inclement weather.
The group, which has 322 UK stores, reported a 2.1% rise in like-for-like sales during the 13 weeks to June 30th, compared to a 1.9% fall last year.
The improvement came during the wettest April-to-June period on record, which benefited the retailer as its customers showed more inclination to work on DIY projects.
The group, which reported a 23% fall in adjusted pre-tax profits to £5.6 million in the 26 weeks to March 31st, said it is line to meet full-year market expectations.
The current market estimate for adjusted pre-tax profit for the financial year to September 30th is £13 million, compared to £13.9 million last year.