Topps Tiles Says Will Meet Analysts' Estimates
London, England, Sept. 26, 2012 -- Topps Tiles expects pre-tax profit will hit analysts’ estimates, while full-year sales are likely to fall by 1%, according to Retail Week.
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Topps Tiles said in a statement for the year to September 29 that full year sales are expected to fall 1% despite a 3.7% increase in the fourth quarter.
Revenues for the year are expected to be in the region of $286 million, up from $282 million in 2011.
The firm said it has opened 13 stores and closed or relocated eight in the year to bring its portfolio to 325.
Topps Tiles reported: “There have been no significant or unexpected changes in the financial position of the group since the publication of the interim report for the half year ended March 30.”