Wickes reports 2.3% revenue growth as retail returns to growth

Home betterment retailer Wickes Group recorded radical gross maturation of 2.3% successful the 2nd 4th ended 27 June 2026, with like-for-like (LfL) income expanding successful some plan and installation (D&I) and retail.

Quarterly radical gross totalled £483m ($646.1m), taking first-half gross to £865m.

This was 2.1% higher year-on-year (YoY), with LfL maturation of 0.6% crossed the six-month period.

In retail, gross roseate 1.8% to £366m successful the quarter, pursuing a 1.7% LfL diminution successful the archetypal quarter.

The D&I part reported gross of £117m for the quarter, up 3.8%, portion LfL income accrued 1.8%.

Wickes said this was the 5th consecutive 4th of affirmative maturation successful delivered income for the division.

According to the company, higher lawsuit numbers continued to summation volumes successful retail, supported by a deflationary pricing backdrop.

Wickes besides said it had outperformed the wider market, resulting successful first-half marketplace stock gains compared with the erstwhile year.

Within retail, income done the TradePro loyalty strategy accrued 6% YoY portion progressive rank roseate 9% to 671,000.

DIY income were broadly stable, and integer channels, Click & Collect and Home Delivery, grew by 7%.

In D&I, Wickes said the manner kitchens and bespoke bathrooms ranges produced beardown growth.

It besides said orders for bespoke kitchens slowed arsenic customers took a much cautious attack to bigger-ticket purchases.

Across its store estate, the radical refitted oregon refreshed 8 stores and closed 1 successful the archetypal half.

For full-year 2026, it is targeting 4 to 5 caller store openings arsenic good arsenic 15 to 20 refits oregon refreshes.

For the remainder of 2026, Wickes said it expects humble marketplace maturation and remains comfy with statement expectations for adjusted nett earlier taxation for the year.

The institution cited its productivity program and little concern rates arsenic enactment for profitability successful the 2nd half.

Wickes CEO David Wood said: "This has been different play of gross growth, driven erstwhile again by volumes and an summation successful the fig of Wickes customers.

"Our Retail concern has performed good fixed the existent outer environment, with TradePro's convenient and value-led connection seeing adjacent much section tradespeople crook to Wickes. Looking ahead, our strategy leaves america well-placed to proceed to triumph arsenic we accelerate our store rollout and refresh programme."

"Wickes reports 2.3% gross maturation arsenic retail returns to growth" was primitively created and published by Retail Insight Network, a GlobalData owned brand.