TOPPS TILES PLC LS-,03333

Topps Tiles cut its profit forecast for the year ending September 2026 to just over £6.5m after a weak third quarter; this is well below last year’s £9.2m and beneath the analyst consensus. The shares fell 6.4% today to 33.5p, hit by a 1.8% drop in sales for the quarter and flat like-for-like sales at its main brand. The company blamed extreme summer heat that disrupted construction activity and persistently weak consumer confidence; a full recovery before year-end now looks unlikely. The stock is trading close to its 52-week low, sentiment remains fragile as investors await a revival in demand. » Mere på de.investing.com

Topps Tiles lowered its adjusted pre-tax profit forecast for the year to September to just over £6.5 million. The company cited an extreme heatwave that caused temporary work stoppages among construction firms and a shift in demand towards cheaper products. Group revenue in the third quarter was £75.6 million (−1.8% year-on-year) or £69.4 million excluding CTD; online sales and hard-surface categories grew, while CTD stores declined. Topps expects a partial catch-up effect but does not anticipate full compensation within the current financial year and stresses continued strategic measures to improve profitability. » Mere på de.investing.com

Topps Tiles reported H1 2026 revenue of 142.6m GBP (−0.2% y/y), while gross margin rose by 160 basis points to 53% and operating profit increased by 17%. Earnings per share were 0.83 GBP. Despite improved profitability, the stock fell 2.61% in premarket trading to 33.6, and the net position turned into net debt of 3.1m GBP. For H2 management plans store rationalizations, productivity measures and an expansion of digital activities; full effects are expected in 2027. » Mere på de.investing.com