Wickes Group plc (WIX) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and thank you for joining us here today and also for those of you who are joining by webcast. I'm here with our CFO Mark George and together we would like to take you through the performance of the business for the year ending 27th of December 2025. Sharing how our proven growth levers are continuing to drive strong market outperformance. We'll also share with you our plans to accelerate our store rollout as we see an exciting opportunity to bring the Wix brand to even more customers across the UK. First, turning to last year's business performance, this was a stellar year for Wix with both retail and design and installation showing strong volume out performance. More customers shopping with us has resulted in volume-driven sales growth in our retail business as we have grown market share to record levels. In design and installation, the momentum from the transformational actions we took at the end of 2024 and into 2025 has continued and we have seen a fifth consecutive quarter of ordered sales growth. And at a group level, our sales growth of 5.9% is driving operational leverage, resulting in an increase in adjusted profit before tax of 14.4% to 49.9 million. So it really has been a great year for Wix, and I'd like to take this opportunity to thank all of my fantastic colleagues for their incredible work in delivering these results. We have continued to invest in our store network with the opening of five new stores and 11 refits. This investment in our store estate delivers consistently good returns and shortly I will share with you why we believe we should accelerate this investment as we have the opportunity to go faster and further to a revised target of 300 stores versus the 250 we had previously announced. We continue to deliver attractiv...