Profit for the year at tile specialist Topps Tiles is expected to be broadly in line with forecasts after stellar demand in the final quarter.
The retailer said it traded positively in the fourth quarter, with revenues estimated to have increased by 3.7% on a like-for-like (LFL) basis.
Revenues for the 52-week period are expected to be around £177m compared to £175.5m in 2011. LFL revenues are expected to fall around 1% on the prior year, compared to the 2% fall seen 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
Overall, the UK's largest tile specialist expects adjusted pre-tax profit for the 52-week period will be broadly in line with consensus.
The current range of analysts' estimates for adjusted pre-tax profit for the year ending September 29th 2012 is £12.7m to £14m, with a consensus of £13.1m.
The group, which operates from 325 UK stores, after opening 13 new stores and closing or relocating during the financial year, said there have been no significant changes in its financial position since its update in March.
During the period the group completed a £3.1m disposal of a freehold property.
CJ
-
Annual UK rent jumps £3,240 since Covid, says ZooplaZoopla finds rental costs have risen 27% since 2021, with rental costs far outstripping wages over that period
-
The top stocks in the FTSE 100After a year of strong returns for the UK’s flagship index, which FTSE 100 stocks have posted the best performance in 2024?
