Topps Tiles shares ticked gently higher on Wednesday after the flooring specialist signaled steady growth in their first quarter as digital channels helped boost sales amid the integration of acquisitions.
The company made reasonable progress in the year ending September 2025, and today’s Q1 trading statement suggests this continued into the start of the current financial year.
Topps Tiles has delivered its fifth consecutive quarter of like-for-like growth, with revenues excluding recently acquired CTD stores, rising 3.7% year-on-year in the 13 weeks to 27 December 2025, outperforming the wider market.
The UK’s leading tile specialist reported like-for-like growth of 2.0% in its core Topps Tiles brand, driven by strong trade performance and expansion in strategic category extensions under its “Mission 365” initiative.
The firm said sustained growth has helped offset ongoing cost inflation pressures.
Including CTD, group sales increased 1.6%. The company’s CTD operation, now reduced to 22 stores from 31 last year following Competition and Markets Authority-mandated disposals, delivered like-for-like growth of 4.7%.
Digital transformation continues to drive performance, with group online revenue reaching 19.7% of total sales. The fully integrated Bloomreach customer engagement platform is reducing churn, whilst a new Topps Tiles Trade App is scheduled to launch in the third quarter. A new website is also in the offing.
“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,” said Alex Jensen, Topps Group CEO.
“We are confident of delivering another year of progress both strategically and financially”.
Topps Tiles shares were 4% higher at the time of writing.