Wickes Group (LSE:WIX), the home improvement retailer, reported 2.3% revenue growth in the quarter ending 27 June, driven by continued volume gains across the business.
The company said it remains comfortable with consensus expectations for 2026 adjusted pre-tax profit, which analysts peg at a mean of £55.4m, within a range of £52.8m to £58m.
Within Retail, TradePro sales rose 6% year-on-year, with active TradePro members up 9% to 671,000, while DIY sales were broadly flat and digitally-led Click & Collect and Home Delivery grew 7%. In Design & Installation, delivered sales extended their run of growth to five consecutive quarters, led by Lifestyle Kitchens and Bespoke Bathrooms, though ordered sales by value came in slightly below the prior year as bespoke kitchen orders slowed amid more cautious spending on larger purchases.
"Our Retail business has performed well given the current external environment, with TradePro's convenient and value-led offer seeing even more local tradespeople turn to Wickes," said chief executive David Wood.
Wickes refitted or refreshed eight stores in the first half and closed one, and expects to open four to five new stores and refit or refresh 15 to 20 stores across 2026. The company flagged a productivity plan and lower business rates as supports to profitability in the second half, and expects to report half-year results in mid-September.
News Intelligence what this means for the company
Wickes reported 2.3% revenue growth in Q2 2026 and reaffirmed comfort with consensus 2026 profit guidance of £55.4m. The result shows mixed momentum: TradePro membership accelerated to 671,000 (up 9%), but DIY sales stalled and ordered sales for bespoke kitchens weakened, signalling caution among consumers on larger discretionary purchases.
The guidance reaffirmation is reassuring but the underlying trend is cautious—revenue growth slowed to 2.3% from 1.3% in the prior quarter, and the slowdown in bespoke kitchen orders suggests Design & Installation momentum may not sustain. Profitability support from a productivity plan and lower business rates is welcome but masks underlying demand softness in higher-margin categories.
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