British retailer Wickes' half-year profit rises on strong retail sales (updated)
10/09/2025 07:43
Adds CEO comment in paragraph 3, details in paragraphs 2,4 Sept 10 (Reuters) - British home improvement retailer Wickes Group WIX.L reported a nearly 17% rise in half-year profit on Wednesday, underpinned by membership growth in its loyalty programme for trade professionals and increased do-it-yourself sales. Wickes maintained its forecast for annual adjusted pre-tax profit, in line with analysts' estimate of 48.2 million pounds ($65.20 million), according to a company-compiled consensus. "Whilst, we remain mindful of the cost headwinds facing the sector as a whole, continued investment in our growth levers and digital initiatives means we are well positioned for the future," CEO David Wood said in a statement. The company reported an adjusted pre-tax profit of 27.3 million pounds for the 26-week period ended June 28, while revenue stood at 847.9 million pounds, up 5.6% from last year. ($1 = 0.7393 pounds) (Reporting by DhanushVignesh Babu in Bengaluru; Editing by Sherry Jacob-Phillips) ((DhanushVignesh.Babu@thomsonreuters.com;))