Topps Tiles Plc
Pre-close period Trading Update
Topps Tiles Plc (the "Company"), the UK's largest tile and wood flooring specialist, reports on trading for the 26 week period ended 28th March 2009, prior to entering its close period.
At the AGM we reported that total revenues for the first 13 weeks of the financial year had decreased by 13.1% with like-for-like revenues reduced by 18.1%. As anticipated the sales performance has continued broadly in line with that trend for the 26 week period. We expect to report overall revenue of approximately £92 million (2008: £106.3 million), with like-for-like revenue expected to show a decline in the region of 18% (2008: -0.9%).
We are trading from a total of 340 stores, and we intend to pursue a more limited store opening programme for the remainder of the financial year.
The Board will announce interim results for the 26 week period to 28th March 2009 on Wednesday 27th May 2009
Enquiries:
Ann-marie Wilkinson / Emma Kent/ Laura Pope
Bell Pottinger Corporate & Financial 020 7861 3232
Matthew Williams, Chief Executive Officer
Rob Parker, Finance Director 0161 486 2400
This information is provided by RNS
