Topps Tiles (LON:TPT) reported broadly flat first-half revenue on a pro forma basis but said stronger gross margins and cost-saving initiatives supported a rise in operating profit, as the tile retailer works toward its “Mission 365” growth plan.
Chief Executive Alex Jensen said the company had made “significant progress” against six priorities outlined in December, including increasing focus on the bottom line, growing trade sales, accelerating digital initiatives, improving sales execution in Topps Tiles stores and addressing unprofitable parts of the business.
