Wickes Group PLC

Wickes Group reported higher first-half revenue and adjusted profit before tax, with group revenue up 2.1% and adjusted profit before tax rising 1.1% to £27.6 million, as retail volume growth and a 5.7% increase in design and installation revenue offset product-price deflation of 2% to 3% and cost inflation. Retail revenue rose 0.8% in the first half, and retail like-for-like revenue growth accelerated to the mid-single digits in the first 11 weeks of the third quarter, with TradePro sales up 5% and membership reaching a record 671,000. The company said it remains on track to meet market expectations for full-year adjusted pre-tax profit. Wickes returned £26 million to shareholders through £16 million of dividends and a £10 million share buyback, and raised its interim dividend 2.8% to 3.7 pence per share from 3.6 pence. The company plans to open four to five stores in the second half, including a Saffron Walden location, followed by seven to nine new stores in 2027 and more than 10 annually from 2028, as it works toward an ambition of 300 stores.

Wickes Group recorded group revenue growth of 2.3% in the second quarter ended 27 June 2026, with like-for-like sales increasing in both design and installation and retail. Quarterly group revenue totalled £483 million, taking first-half revenue to £865 million, which was 2.1% higher year-on-year. Retail revenue rose 1.8% to £366 million in the quarter, while the design and installation division reported revenue of £117 million, up 3.8%. The company said it had outperformed the wider market, resulting in first-half market share gains, and remains comfortable with consensus expectations for adjusted profit before tax for the full year.