Topps Tiles HY sales jump 4% to £127.7m

Topps Tiles has revealed that its group sales rose 4% to £127.7m for the 26 weeks ended 29 March 2025.

Furthermore, it saw underlying sales growth in the second quarter of 4.4% after adjusting for the timing of holiday periods, up from 3.3% underlying growth in the first quarter.

Underlying like-for-like sales within the Topps Tiles brand were also 3.7% higher year-on-year in the second quarter and like-for-like sales were 3.0% higher in the first half overall.

Total trade sales in the Topps Tiles brand were 12% higher year on year in the first half, with the number of active traders at the end of the period up 11% year on year to 146,000.

While homeowner sales remain subdued, trade sales within Topps Tiles were strong and progress with our digital initiatives continued at pace, in line with its ‘Mission 365’ growth strategy.

The brand revealed that the National Living Wage and National Insurance increases will increase its cost base by around £4m on an annualised basis from April 2025.

As announced in the 2024 results, the timing of holiday pay accruals (exacerbated by the later Easter year on year), seasonally higher energy usage in the first half, investments in strategic growth and the timing of the sales recovery will result in the group’s profits in 2025 being weighted significantly towards the second half of the financial year.

Rob Parker, chief executive, said: “Following our return to sales growth in the early weeks of the year, we are pleased to see this trend accelerate in the second quarter, driven by some initial signs of success from our new strategic initiatives, including an improved trader digital experience and further category extensions.

“Whilst macroeconomic indicators remain mixed, we remain focused on the delivery of our strategy which we are confident will lead to the achievement of our Mission 365 goal over the medium term.”