Topps Tiles Q1 revenues rise 3.7% as it completes Fired Earth deal

Topps Tiles has reported that revenues, excluding its CTD Tiles Limited business, rose by 3.7% year-on-year in the 13-week period to 27 December 2025, marking the fifth consecutive quarter of like-for-like growth at the Topps Tiles brand. 

It comes as the group also announced the completion of its acquisition of the Fired Earth brand, website and stock in December. A transactional website and supply chain were established within weeks of the deal, allowing the business to fulfil customer orders ahead of the key trading period. Topps Tiles said it expected to build on the acquisition over the coming year.

The retailer saw record sales in the previous financial year despite what it described as a challenging cost environment. Like-for-like sales at Topps Tiles rose by 2%, supported by higher trade sales and growth in its “Mission 365” category extensions, which focus on expanding the group’s product and service offer. Trade revenues also saw an increase by 3.7% compared with the same period last year.

Including CTD, group sales grew by 1.6%. The CTD business is now smaller following a series of disposals required by the Competition and Markets Authority (CMA), with 22 stores trading during the quarter compared with 31 a year earlier. The fourth and final CMA disposal store was completed in December, bringing the process to an end.

The remaining CTD stores delivered like-for-like growth of 4.7% during the quarter. Topps Tiles said the performance provided a platform to support its plan for CTD to return to profit in the 2026 financial year.

Online sales continued to increase as a share of group revenue, rising to 19.7% in the quarter. This was up 70 basis points on the 2025 financial year average and 270 basis points compared with the same quarter last year. The company said its Bloomreach customer engagement platform was now fully integrated, while a new trade app is expected to launch in the third quarter of the 2026 financial year.

Alex Jensen formally took over as chief executive on 8 December, following the retirement of longstanding chief executive Rob Parker.

Jensen said: “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. 

“We are confident of delivering another year of progress both strategically and financially.”