Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Topps Tiles Plc
  6. News
  7. Summary
    TPT   GB00B18P5K83

TOPPS TILES PLC

(TPT)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Topps Tiles sees full-year revenue drop on muted commercial demand recovery

09/30/2020 | 03:15am EDT
An advertisement sign is pictured at a Topps Tiles store

British tile retailer Topps Tiles said on Wednesday it expected a 12% drop in full-year revenue, following a slower recovery in commercial demand due to the COVID-19 pandemic.

Topps said it expected to post a "modest" level of profit for the 52 weeks ended Sept. 26, with retail like-for-like revenue in the period down 12.5% from a year earlier.

The operator of over 300 stores in the UK said its retail business showed robust performance in the final quarter, driven by strong demand for do-it-yourself (DIY) projects from customers.

Britons, with time on their hands during the COVID-19 pandemic, have been tackling more such DIY projects.

Topps' stores were closed from March 23 when the UK went into a coronavirus lockdown, though its online business remained in operation. The stores started reopening from mid-April and all are now open.

The company called the slowdown in its commercial segment "significant", but added that it was starting to see increased demand from architects, designers and contractors on new specification projects, among others.

"I remain very positive about the longer term outlook for the Group but also recognise that the continuing impact of the COVID-19 pandemic may lead to more difficult trading conditions over the short to medium term," Chief Executive Officer Rob Parker said.

(Reporting by Tanishaa Nadkar and Aakash Jagadeesh Babu in Bengaluru; Editing by Rashmi Aich)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
APRIL 0.00% 22 End-of-day quote.-2.22%
GROUPE OPEN -0.86% 17.2 Real-time Quote.12.86%
NIHON PARKERIZING CO., LTD. 0.00% 1096 End-of-day quote.2.53%
POST HOLDINGS, INC. 0.71% 108.23 Delayed Quote.7.15%
TOPPS TILES PLC 0.43% 70.3 Delayed Quote.21.53%
All news about TOPPS TILES PLC
05/18TOPPS TILESá : reports mixed six months after lockdown closed stores
AQ
05/18TOPPS TILESá : Earnings Flash (TPT.L) TOPPS TILES Posts Fiscal H1 Revenue $103.2..
MT
03/31Banks, energy stocks drag FTSE 100 lower as Deliveroo slumps on debut
RE
03/31UK's Topps Tiles expects sales, margin to recover after first-half hit
RE
01/15FACTBOX-How did UK retailers fare over coronavirus-hit Christmas?
RE
01/06Factbox-How did UK retailers fare over coronavirus-hit Christmas?
RE
01/06TOPPS TILESá : Warns of Lockdown Impact After 20% Growth in Fiscal Q1 Sales
MT
01/06TOPPS TILESá : warns of hit to sales from new lockdown
RE
2020TOPPS TILESá : UK's Topps Tiles posts loss, sees more pain on virus hit
RE
2020Topps Tiles sees full-year revenue drop on muted commercial demand recovery
RE
More news
Financials
Sales 2021 219 M 305 M 305 M
Net income 2021 - - -
Net Debt 2021 104 M 145 M 145 M
P/E ratio 2021 -
Yield 2021 3,98%
Capitalization 137 M 190 M 190 M
EV / Sales 2021 1,10x
EV / Sales 2022 1,03x
Nbr of Employees 1 865
Free-Float 64,8%
Chart TOPPS TILES PLC
Duration : Period :
Topps Tiles Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TOPPS TILES PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 70,00 GBX
Average target price 105,00 GBX
Spread / Average Target 50,0%
EPS Revisions
Managers and Directors
Robert Parker Chief Executive Officer & Executive Director
Stephen Hopson Chief Financial Officer & Executive Director
Darren Mark Shapland Non-Executive Chairman
Keith Down Senior Independent Director
Alistair Hodder Secretary, Director & Head-Legal
Sector and Competitors
1st jan.Capitalization (M$)
TOPPS TILES PLC21.53%190
THE HOME DEPOT, INC.17.40%331 386
LOWE'S COMPANIES, INC.19.46%135 115
KINGFISHER PLC33.76%10 577
FLOOR & DECOR HOLDINGS, INC.10.10%10 483
HOME PRODUCT CENTER8.03%6 101