Topps Tiles said the firm's good performance in the second half of last year had carried on into its first quarter.
The UK's largest tile and wood flooring specialist said trading in the first quarter had been within the range of management expectations.
Like-for-like revenues across the first 13 weeks of the current financial year increased by 1.6%, an improvement on the 4.2% drop the previous year.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Like-for-like growth had strengthened in the final six weeks of the period, the company added.
Topps ended the quarter with a total of 322 UK stores.
There were no significant or unexpected changes in the financial position of the group since the publication of the annual report at the end of September.
-
Which investment trusts could benefit from lower interest rates?As vehicles for long-term investments, many investment trusts were hit when interest rates rose in 2022. With interest rates expected to fall by the end of the year, could now be the time to invest in one of these unloved sectors?
-
How to protect your personal and financial data from cyber attacksM&S and the Co-op are the latest retailers to suffer from cyber hacks but consumers also need to be vigilant
