Hornby, Topps Tiles and ProCook are in the spotlight after posting updates. The Scalextric and Airfix models and collectibles group said like-for-like sales rose 7% in the three months to 31 December. This has left it on track to meet forecasts for the financial year ending in March.
Chief executive Olly Raeburn said: “Our turnaround is very much on track as we further reduce central costs, focus on our core brands and improve operational processes across the business.". Topps Tiles said sales in the 13 weeks to 28 December were 4.6% higher year-on-year, with the most recent five-week period up 12.9%. The improvement was driven by an increase in activity through trade channels.
Chief executive Rob Parker said: “Whilst it is early in the financial year and macroeconomic indicators remain mixed, we are pleased that our growth strategy is delivering strong results.”. Parker also announced his intention to step down after 18 years with the group and five years as chief executive.
ProCook, the kitchenware specialist, said total revenues in the quarter to 5 January increased by 11.2% to £25.6 million and by 3.4% on a like-for-like basis. Chief executive Lee Tappenden said: “Performance was particularly strong in the later part of the quarter as a result of the actions we took to elevate our Black Friday and Christmas campaigns this year.”.
