Business
Q1 Trading Update
Topps Tiles Plc reported solid trading for the first quarter of the 2026 financial year, with revenue excluding CTD growing by 3.7% year-on-year, outperforming the market. The Topps Tiles brand achieved like-for-like growth of 2.0%, marking its fifth consecutive quarter of growth, while the remaining CTD stores delivered 4.7% like-for-like growth, positioning CTD for profitability in 2026. Group online revenue reached 19.7% of total revenue, an increase of 70 basis points from the full financial year 2025. The acquisition of Fired Earth assets was completed, and the company is on track for the launch of its Trade App in Q3 2026. Disclaimer*
About this update from Topps Tiles Plc
[{"type":"text","content":"\n\n7 January 2026\nTopps Tiles Plc\nQ1 Trading Update\nContinued solid trading with fifth consecutive quarter of like-for-like growth in Topps Tiles\nTopps Tiles Plc (\"Topps Group\", or the \"Group\"), the UK's leading tile specialist, announces a trading update for the 13-week period ended 27 December 2025.\nFollowing record revenues in the 2025 financial year, the Group is pleased to announce revenue1 excluding CTD2 in the first quarter of the 2026 financial year continued to deliver solid growth of +3.7% year-on-year, outperforming the market3. \nRevenues in the Topps Tiles brand delivered a robust performance growing by +2.0%4 on a like-for-like basis, supported by continued strong performance in trade (+3.7% YoY), alongside growth in its \"Mission 365\" strategic category extensions. Q1 represents the fifth consecutive quarter of like-for-like growth for the Topps Tiles brand, helping to mitigate the impact of the continued cost inflationary environment.\nIncluding CTD, Group sales grew by +1.6%, noting that the CTD operation is now smaller than it was in the prior year, trading from 22 stores versus 31 last year. The fourth and final CMA disposal store was completed in December 2025, and this now brings the CMA process to a conclusion. The remaining CTD stores have delivered consistent like-for-like growth5 of +4.7% in the period, and performance across the quarter provides a solid foundation to support the Group's plan to deliver a profit in CTD in the 2026 financial year.\nThe Group continues to make excellent progress with the \"Mission 365\" digital journey with Group online revenue (inc. CTD) at 19.7% of total Group revenue for Q1, +70bps versus full financial year 2025 and +270bps versus Q1 last year. The Topps Tiles Bloomreach Customer Engagement Platform is now fully integrated and successfully driving customer engagement and reducing churn. The Topps Tiles Trade App, which will be a key driver of loyalty and lifetime value, is on track for launch in Q3 of financial year 2026.\nFollowing the announcement in early December of the acquisition of the Fired Earth brand, website and stock, the Group worked to establish a fully operational supply chain and transactional website by 16th December 2025. As a result, the Group has been able to fulfil strong demand from customer orders and looks forward to optimi...