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Topps Tiles ( (GB:TPT) ) has provided an announcement.
Topps Tiles Plc has reported a record year for turnover, with approximately £265 million in adjusted sales, marking a 6.8% increase year-on-year. The Group’s strategic progress is evident as it continues to advance towards its ‘Mission 365’ goal, aiming for £365 million in total Group sales in the medium term. The company has seen widespread sales improvement across all business segments, with like-for-like sales growth accelerating in the second half of the year. Despite increased costs due to wage and tax contributions, the company expects to meet market expectations for adjusted profit. The Group’s strategic initiatives, including modernizing digital experiences and expanding business-to-business sales, have bolstered its strong performance. Additionally, the disposal of CTD sites required by the CMA is nearing completion, which will conclude the CMA’s involvement with the company. With a strong balance sheet and improving trading momentum, Topps Tiles is well-positioned for continued growth into 2026.
The most recent analyst rating on (GB:TPT) stock is a Hold with a £33.00 price target. To see the full list of analyst forecasts on Topps Tiles stock, see the GB:TPT Stock Forecast page.
Spark’s Take on GB:TPT Stock
According to Spark, TipRanks’ AI Analyst, GB:TPT is a Neutral.
Topps Tiles is facing significant financial challenges, with declining revenues and high leverage posing substantial risks. The technical indicators suggest weak momentum, and the negative P/E ratio highlights profitability issues. Despite these challenges, the high dividend yield may provide some appeal to income-focused investors.
To see Spark’s full report on GB:TPT stock, click here.
More about Topps Tiles
Topps Tiles Plc is the UK’s largest specialist supplier of tiles and associated products, catering to the UK domestic, commercial, and housebuilder markets. It serves homeowners, trade customers, contractors, architects, and designers through 297 nationwide stores, a commercial showroom in London, and multiple customer-facing websites.
Average Trading Volume: 184,656
Technical Sentiment Signal: Sell
Current Market Cap: £66.95M
Find detailed analytics on TPT stock on TipRanks’ Stock Analysis page.