StockMarketWire.com - Flooring retailer Topps Tiles said it expected to post a small fall in annual revenue after a more challenging economic backdrop hurt sales in the fourth quarter.

In a trading update for the 52 week period to 28 September, the company said it expected adjusted revenue of around £214.0m, down from £214.8m on-year.

Like-for-like sales rose 0.6%, though they fell 1.9% in the fourth quarter.

Adjusted pre-tax profit was expected to be within the range of current market estimates, currently at £15.5m-to-£16.0m, with a consensus of £15.8m, the company said.



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