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SHARES in Topps Tiles tanked on Monday after the firm revealed that it had miscalculated its sales figures.
The tiling and flooring retailer said it had "discovered an error in the calculation" of like-for-like sales figures for the first eight weeks of the new financial year.
It had originally told the market that sales were up 0.8 per cent, but they had in fact fallen 0.3 per cent.
Shares dropped nearly three per cent to 85.2p on the news.
Topps added that all other information was correct and that expectations for the current financial year remain unchanged.
In October, the firm warned of reduced consumer confidence, with boss Matthew Williams flagging slower sales in the fourth quarter.
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