Overview
- Like-for-like sales in the Topps brand rose 2% in Q1 to 27 December, marking a fifth consecutive quarter of gains.
- Group revenue excluding CTD increased 3.7% year on year over the 13-week period, supported by strong trade demand.
- CTD delivered 4.7% like-for-like growth and now operates 22 stores after completion of the CMA-mandated disposal programme in December.
- Online sales reached 19.7% of group revenue in the quarter, with a trade-focused app planned for launch later this year.
- Topps acquired the Fired Earth brand and assets for about £3 million, and the shares rose 3.73% in early trading to 46.16p.