Topps delivers positive first quarter as Fired Earth acquisition begins well

Tile specialist Topps Tiles has reported a growth in first quarter sales, marking a fifth consecutive quarter of like-for-like growth in the Topps brand.

According to its latest trading update for the 13-week period ended 27 December 2025, total sales rose 3.7% year-on-year.

Revenues in the Topps Tiles brand delivered a robust performance growing by +2.0% on a like-for-like basis, supported by continued strong performance in trade (+3.7% YoY), alongside growth in its “Mission 365” strategic category extensions. 

Q1 represents the fifth consecutive quarter of like-for-like growth for the Topps Tiles brand, helping to mitigate the impact of the continued cost inflationary environment.

Including CTD, Group sales grew by +1.6%, noting that the CTD operation is now smaller than it was in the prior year, trading from 22 stores versus 31 last year. The fourth and final CMA disposal store was completed in December 2025, and this now brings the CMA process to a conclusion.

The remaining CTD stores have delivered consistent like-for-like growth of +4.7% in the period, and performance across the quarter provides a solid foundation to support the Group’s plan to deliver a profit in CTD in the 2026 financial year.

The Group continues to make “excellent” progress with the “Mission 365” digital journey with Group online revenue (inc. CTD) at 19.7% of total Group revenue for Q1, +70bps versus full financial year 2025 and +270bps versus Q1 last year.

The Topps Tiles Bloomreach Customer Engagement Platform is now fully integrated and successfully driving customer engagement and reducing churn. The Topps Tiles Trade App, which will be a key driver of loyalty and lifetime value, is on track for launch in Q3 of financial year 2026.

Following the announcement in early December of the acquisition of the Fired Earth brand, website and stock, the Group worked to establish a fully operational supply chain and transactional website by 16th December 2025. As a result, the Group has been able to fulfil strong demand from customer orders and looks forward to optimising the Fired Earth opportunity in 2026 and beyond.   

Following a seamless transition process, the Group’s new CEO, Alex Jensen, has now taken full responsibility of the business as of 8th December 2025, with the previous longstanding CEO, Rob Parker, now retiring from the company.

Alex Jensen, Topps Group CEO, said: “The Group continued to deliver growth in Q1 across each of our existing businesses and delivered like-for-like growth in CTD stores, whilst achieving some significant milestones, including appointing an interim and permanent CFO, closing the CMA process with CTD and acquiring Fired Earth assets. We are confident of delivering another year of progress both strategically and financially.”

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