Topps Tiles Plc reports a 5.4% decline in like-for-like retail revenues for the first 13 weeks of the current financial year

  • Jan 08, 2020 GMT
  • Team Kalkine

Topps Tiles Plc (LON: TPT) has released a trading update for the 13-week period ended 28 December 2019.

  • The company has reported that like-for-like retail revenues for the first 13 weeks of the current financial year decreased by 5.4 per cent, in the same period of the previous financial year the decrease was of 1.4 per cent.
  • The company had announced previously that retail like-for-like revenues across the first eight weeks of the quarter decreased by 7.2 per cent, however, in the final five weeks of the quarter, there was a significant improvement in the performance, with the decrease in retail like-for-like revenues reducing to 1.4 per cent.
  • On 8th January 2020, at the time of writing, GMT 08:07 AM, TPT shares were trading at GBX 76.80, up by 1.00 points or 1.32% against the previous day closing price.

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