Topps Tiles (TPT) Q1 2026 TU earnings summary

Executive summary

• Achieved fifth consecutive quarter of like-for-like growth in the Topps Tiles brand, with Q1 2026 revenue (excluding CTD) up 3.7% year-over-year, outperforming the market.

• Topps Tiles brand like-for-like sales grew 2.0% year-over-year, with trade segment up 3.7% and continued expansion in strategic categories.

• Group sales including CTD rose 1.6%, with CTD now operating 22 stores versus 31 last year; all required CMA disposals completed.

• New CEO Alex Jensen assumed leadership in December 2025, following the acquisition of the Fired Earth brand and assets.

Financial highlights

• Group online revenue (including CTD) reached 19.7% of total Q1 revenue, up 70bps from FY2025 and 270bps from Q1 last year.

• CTD stores delivered like-for-like growth of 4.7% in the period, supporting plans for profitability in FY2026.

Outlook and guidance

• Confident in delivering another year of strategic and financial progress, with a solid foundation for CTD profitability.

• Fired Earth acquisition expected to drive further growth and opportunity in 2026 and beyond.