Earnings report 📈 Stocks 🌍 United Kingdom

Wickes Revenue Climbs 2.1% to £865.3m as Q3 Trading Momentum Accelerates

Wickes posts steady H1 growth with revenue reaching £865.3m and signals strong Q3 momentum, maintaining its full-year profit guidance despite inflationary pressures.

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Wickes reported a 2.1% revenue increase, maintained full-year guidance, and noted significantly improved Q3 trading with mid-single-digit LFL growth, indicating positive momentum.

🎯 Key Takeaways

  • Total revenue rose 2.1% to £865.3m, with design and installation sales growing 5.7%.
  • Retail like-for-like revenue growth accelerated to mid-single digits in the third quarter.
  • The company maintains its full-year adjusted profit guidance and continues its expansion toward a 300-store target.

📝 Executive Summary

Wickes Group reported a 2.1% revenue increase to £865.3m for the first half of 2026, supported by strong volume growth in its retail and design segments. The home improvement retailer confirmed it remains on track to meet full-year profit forecasts, citing a significant acceleration in Q3 like-for-like sales to mid-single digits.

❓ FAQ

How did Wickes perform in the first half of 2026?

Wickes reported a 2.1% increase in total revenue to £865.3m and a 1.1% rise in adjusted profit before tax to £27.6m, driven by volume growth and productivity measures.