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'We’ve Delivered a Strong Third Quarter': Wickes Reveals Accelerating Sales Growth
Wickes said stronger volumes and market share gains lifted retail sales 6% as mild price inflation returned and it stayed on track for profit guidance.
- On Tuesday, British building materials supplier Wickes reported a 4% rise in third-quarter like-for-like sales as its low-price offerings attracted value-conscious customers, though it noted modest price increases.
- Total group sales climbed 4.5% to £439 million for the three months to September 26, accelerating from 2.3% growth in the previous quarter as customers grappled with higher mortgage rates and inflation.
- Retail sales jumped 6% to £331 million, bolstered by an 8% increase in TradePro business, while Wickes opened two new stores in Saffron Walden, Essex, and Colne, Lancashire, alongside three refits.
- Although sales in the Design and Installation business remained flat as customers hesitated on big-ticket purchases, Wickes boss David Wood reiterated the company's forecast for about 10% growth in adjusted pretax profit for 2026.
- AJ Bell investment director Russ Mould described the update as resilient, noting the company's strategy of targeting trade customers provides "a more reliable and consistent source of revenue than ordinary punters.
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Wickes reveals faster sales growth amid ‘mild’ price inflation
Chief executive David Wood said the group is on track to meet profit guidance for the year.
·London, United Kingdom
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Wickes posts Q3 sales growth - Big Furniture Group
Home improvement retailer Wickes has reported a growth in third quarter sales. According to its latest trading update ending 26 September 2026, total sales rose by 4.5% to £439m with like-for-like sales rising by 4%. Retail sales rose 6% to £331m, while Design & Installation revenues were up 0.3% to £108m. David Wood, Chief Executive […]
Wickes Reports Solid Sales Growth As TradePro And DIY Demand Strengthens
Wickes has reported an acceleration in sales growth during its third quarter, driven by stronger demand from trade professionals and DIY customers, and reiterated its expectation of delivering around 10% growth in adjusted pre-tax profit for the full year. The (more…)
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Total News Sources12
Leaning Left2Leaning Right0Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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