Topps Tiles Expects To Meet Earnings Estimates
London, England, Sept. 27, 2011 -- Topps Tiles, the UK's largest tile and wood flooring retailer, said it would be within the range of analysts' earnings forecasts despite a fall in sales.
Topps Tiles, which has more than 300 UK stores, said overall UK revenues would be about $274 million, down from $284.4 million last year, with comparable store sales 1.9% lower.
Topps said it would end the year with 320 stores in the UK, including 15 it opened this year.
Consensus forecasts are for profits of $20.9 million.