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Retail GDP & Growth Likewise

Likewise Group revenue up 17% year to date with expansion projects on track

The UK floor coverings distributor reports accelerating sales growth and reaffirms full-year market expectations despite global uncertainty.

by tickstock newsroom
A person is installing wooden flooring in a spacious, empty room with natural light coming through the windows. The walls are bare and the environment appears to be in the middle of renovation. — Credit: Photo by Ernys on Unsplash c Photo by Ernys on Unsplash

Likewise Group (LSE:LIKE), the AIM-listed UK floor coverings distributor, told shareholders at its annual general meeting on 17 June that total group revenue had risen 17.0% on a like-for-like basis in the year to date, with June month-to-date running 20.8% ahead.

The pace of growth exceeds the company's own original internal expectations for the year.

Expansion projects at five sites, Glasgow, Leeds, Derby, Newport and the East Midlands, remain on schedule and are expected to deliver materially greater operational capacity in the second half of 2026 and into full-year 2027.

The board said it remains confident in meeting market expectations for the full year, while acknowledging that global tensions make the second half difficult to call.

The board is also working on a five-year strategic plan aimed at continuing geographic and operational expansion while targeting improved operating margins.

"The group is in a particularly exciting phase of development in its short history," the company said, adding that the board will meet later today to discuss further investment across its UK businesses.

by tickstock newsroom