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 PLCH1 revenue up 2.1% and adjusted pre-tax profit up 1.1% to £27.6m, with £26m returned via dividends and buyback and interim dividend raised.
Wix.Com Ltd