UK's Topps Tiles falls after retailer flags lower annual profit
01/07/2026 08:18
BUZZ-UK's Topps Tiles falls after retailer flags lower annual profit ** Shares of British retailer Topps Tiles TPT.L down 7.5% at 33.1 pence
** Company expects adjusted pretax profit for fiscal 2026 ending September to be above £6.5 million ($8.60 million) vs £9.2 million a year earlier
** "The macro-economic environment continues to remain challenging," company says
** Topps Tiles says third-quarter like-for-like revenue was flat vs last year, worsening in the second half of the quarter compared with the first half
** Company says activity hit by the recent heatwave should improve over the next six months, though it may not fully recover by September
** TPT down ~10% this year, as of last close
($1 = 0.7556 pounds)
(Reporting by Megha Kumari in Bengaluru)
Recent news on Topps Tiles
See all newsUK's Topps Tiles falls after lower annual like for like sales
UK Stocks-Factors to watch on October 1 (updated)
UK's Topps Tiles posts lower annual like-for-like sales, sees September rebound
Brief: Topps Tiles Expects FY Adjusted Profit Before Tax To Be In Line With Market Expectations
Topps Tiles - Full Year Trading Update