Business
Trading Update
Trading Update.
About this update from Wickes Group Plc
[{"type":"text","content":"\n\n \n\n13 May 2025\n \nWickes Group plc - Trading Update for the 17 weeks to 26 April 2025\n \nStrong start to 2025 with acceleration in Retail performance and\ncontinued growth in D&I ordered sales\nComfortable with market forecasts for 2025 adjusted PBT\n \nThe start of 2025 has seen good growth momentum across the business. In the first 17 weeks of 2025 overall Group revenue increased in the period by 6.9% year on year. Wickes delivered strong volume-led sales growth in Retail1 with revenue up 9.6%. In Design & Installation, another quarter of ordered sales growth plus the contribution from Solar Fast have resulted in Design & Installation delivered revenue improving to broadly flat year-on-year. \n \n\n\n\n\n\n\n\n\n\n\n17 weeks to 26 April 20251\n\n\n\n\nRetail2\n\n\nRevenue\n\n\n£396.7m\n\n\n\n\nRevenue growth\n\n\n9.6%\n\n\n\n\nLFL revenue growth\n\n\n9.2%\n\n\n\n\nDesign & Installation3\n\n\nRevenue\n\n\n£136.4m\n\n\n\n\nRevenue growth\n\n\n(0.4)%\n\n\n\n\nLFL revenue growth\n\n\n(4.2)%\n\n\n\n\nGroup\n \n\n\nRevenue\n\n\n£533.1m\n\n\n\n\nRevenue growth\n\n\n6.9%\n\n\n\n\nLFL revenue growth\n\n\n5.5%\n\n\n\n\n \nRetail sales delivered strong growth in the period, demonstrating the continued success of Wickes' great value and service-led proposition. We increased market share further, with particularly strong performance in building, garden and decorating categories. This sales performance was again driven by volume growth, with deflation close to zero in the period. \n \nWithin Retail, TradePro continues to perform strongly, with sales up 13% year-on-year, as local trade professionals continue to choose Wickes to save them time and money. Active TradePro members4 have increased by 14% year-on-year to 605,000. DIY sales were also in year-on-year growth, driven by volume, as a result of an increase in customer transactions.\n \nWe have been well positioned to benefit from the warmer weather at the start of this year, which has supported the strong sales performance in Retail. For example, in the week of the early May bank holiday we had our biggest ever week for sales of compost and top soil. \n \nThe positive momentum within Design & Installation sales has continued. We have a...