- Compass Group 887.00 0.00
- Croda Intl. 2,529.00 0.00
- Eurasian 254.80 0.00
- Hsbc Hldgs.uk 726.00 0.00
- Next 4,580.00 0.00
- Woburn Energy 1.50 0.00
- Xtract 0.13 0.00
Topps sales ease
Wednesday, 28th March 2012
Topps Tiles said in continuing tough trading conditions the sales performance in the first half has been broadly in line with expectations. Like-for-like revenues are expected to have decreased by c.4.5% reflecting, in part, tougher comparatives in the prior year (2011: 1.8% increase). Total revenues for the 26 week period will be in the region of c.£86.9 million (2011: £89.2 million), a c.2.5% decrease year on year.
Second quarter revenues are expected to have decreased by c.4.8% on a like-for-like store basis compared to 2011 (2011: 1.5% increase). However, due to the timing of the New Year Bank Holiday the second quarter contained one less trading day in 2012 and after adjusting for this the underlying like-for-like performance is a decline of c.4.0%.
The Group is currently trading from a total of 319 stores and expects to end the financial year with 325, in line with previous guidance.
The Board will announce interim results for the half-year to end-March on Tuesday 29th May 2012.
Story provided by StockMarketWire.com
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