Topps Tiles has attributed its record first half trading to the strength of its brands, strategy execution and “encouraging” market conditions.
In the 26 weeks to 1 April 2023, the group’s revenues increased by 9.5% year-on-year to £130.5 million. Around £9 million of revenue growth related to Topps Tiles’ acquisition of Pro Tiler Tools and the launch of Tile Warehouse in 2022.
Meanwhile like-for-like sales at Topps Tiles were up 4.3% in the period and the retailer delivered revenue of £115.8 million, which was a record for the business as a standalone brand. Sales per store were 30% higher than pre-pandemic levels.
