Topps Tiles Full Year 2023 Earnings: EPS Misses Expectations

Topps Tiles (LON:TPT) Full Year 2023 Results

Key Financial Results

• Revenue: UK£262.7m (up 6.3% from FY 2022).
• Net income: UK£3.21m (down 64% from FY 2022).
• Profit margin: 1.2% (down from 3.6% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: UK£0.016 (down from UK£0.046 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Topps Tiles EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 38%.

Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in the United Kingdom.

Performance of the British Specialty Retail industry.

The company's shares are down 2.2% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Topps Tiles that you need to be mindful of.

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