Trading Update2 Oct 2019 10:15
Adjusted revenues(1) for the 52 week period are expected to be in the region of GBP214 million (2018: GBP214.8 million). Like-for-like revenues in the 52 weeks were ahead by 0.6% when compared to the prior year (2018: LFL flat).
Trading over the fourth quarter reflected a more challenging economic backdrop, with uncertainty impacting on consumer sentiment and like-for-like sales decreased by 1.9%.
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Q4 sales performance not unexpected, given the state of the economy at the present time.
Should the UK ever achieve a satisfactory solution to Brexit (ie, any solution except no-deal), then TPT's share price should enjoy a very healthy recovery.