The tiles retailer based this forecast on the strong performance following the end of the first lockdown last summer.
In the half-year to March 27, revenues dipped 2% to £103mln, with retail like-for-like (LFL) growth of 2%.
In the first 13 weeks, retail LFL sales increased by a fifth but were down 17% in the second quarter because of restrictions.
Within the commercial sector, some market sectors have also been significantly affected by COVID-19, especially the restaurants, bars and leisure areas.
Sales in this segment dropped 10% year-on-year, but forward indicators are positive, with firm orders in hand increasing consistently over the trading period.
“The pertinent question is how much of the 2019 second-half sales base can be won back in the second half this year,” analysts at house broker Peel Hunt commented.
“The exit from previous lockdowns resulted in double-digit LFL gains on re-opening. Benefiting a strong Repair, Maintenance and Improvements (RMI) market, we suspect Topps will enjoy resurgent Retail and Commercial markets over the second half.”
Shares rose 3% to 70.73p on Wednesday morning.
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