Topps Tiles says strategy has ‘full support’ from board By Investing.com
Investing.com — Topps Tiles Plc (LON:), has reaffirmed the board’s backing for its strategy, despite ongoing challenges in the broader market.
In its response to recent media commentary, the company flagged its continued resilience and focus, which it believes positions it well for growth in a tough trading environment.
As per a stock exchange filing, Topps Tiles reported that its adjusted revenue for the 2024 financial year fell by 5.4% compared to the previous year.
However, this was better than the estimated overall decline of 10-15% in the UK’s repair, maintenance, and improvement sector, where bigger-ticket purchases have been particularly impacted by the economic climate.
The tile retailer pointed out that while the UK…
