Topps Tiles FY on track as sales recover

29th Sep 2010 07:54

Britain's biggest tile and wood flooring specialist, Topps Tiles said full year adjusted pre-tax is expected to be within analysts' estimates after an uptick in demand in the fourth quarter.The current range of analysts' estimates for adjusted full year pre-tax profit is between £14.5m and £17.1m, the group said.Topps Tiles, which has over 300 UK stores, said sales during the final quarter are expected to have increased by around 3.1% compared to the same period a year earlier. Like-for-like revenues rose by 4.0% in the fourth quarter.Like-for-like sales in the third quarter fell by 1.2%.The group expects to report overall annual revenues to be around £182.4m, up 2% from the year before.