Topps Tiles Plc (LSE:TPT) reported a positive opening to its 2026 financial year, with group revenue excluding CTD rising 3.7% year on year. The core Topps Tiles brand recorded its fifth consecutive quarter of like-for-like growth, up 2.0%, continuing to outperform a UK home improvement market that remains under pressure.
Performance was supported by continued growth in trade sales and digital channels under the group’s Mission 365 strategy, alongside strong like-for-like gains at the streamlined CTD business. These factors helped offset ongoing cost inflation. During the quarter, Topps Tiles completed the required disposals within CTD and progressed the integration of the Fired Earth brand and website, further strengthening its multi-brand offering.
Digital performance continued to improve, with online sales increasing to 19.7% of total group revenue. The company is also rolling out new customer engagement tools to support conversion and retention across channels. Recently appointed chief executive Alex Jensen has now fully assumed leadership of the business, providing continuity as the group looks to build on recent strategic and financial progress through 2026.
Overall, Topps Tiles’ outlook is underpinned by solid trading momentum and supportive technical indicators. Strategic initiatives focused on digital expansion and portfolio optimisation are contributing positively, although elevated leverage and operational cost pressures remain areas to manage. The company’s valuation and dividend yield continue to add to its appeal for investors.
More about Topps Tiles
Topps Tiles Plc is the UK’s largest specialist retailer of tiles and related products, supplying domestic, commercial and housebuilder customers. The group serves homeowners, trade professionals, contractors, architects and designers through 296 Topps Tiles stores, a London-based commercial showroom, a 22-store CTD estate and a portfolio of ten customer-facing websites, combining a nationwide physical footprint with a growing digital platform.
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