UK's Wickes Group beats 2025 adjusted pretax profit estimates, sets £10 mln share buyback

Wickes

17/03/2026 07:11

Overview

UK home improvement retailer's 2025 revenue rose 5.9% to £1.64 bln

Adjusted pretax profit up 14.4%, beating analyst expectations

Company announced new £10 mln share buyback after completing £20 mln programme

Outlook

Wickes says it remains comfortable with consensus expectations for 2026 adjusted PBT

Company expects 2026 capex of £40-45 mln and net interest costs of £25-27 mln

Wickes plans to open 4-5 new stores and refit or refresh 15-20 stores in 2026

Result Drivers

RETAIL VOLUME GROWTH - Co said strong volume growth in Retail, led by 9% TradePro sales growth and mid-single digit DIY sales growth, drove revenue performance

DESIGN & INSTALLATION MOMENTUM - Revenue in Design & Installation rose, with enhancements to the kitchen and bathroom proposition and streamlined customer journey supporting order and delivered sales growth

OPERATING LEVERAGE & PRODUCTIVITY - Adjusted profit before tax growth was supported by operating leverage and productivity improvements, which partially offset cost inflation

Company press release: ID:nRSQ8530Wa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
GBP 1.64 bln
FY Adjusted Pretax Profit
Beat
GBP 49.90 mln
GBP 48.37 mln (9 Analysts)
FY Basic EPS
GBP 0.17
FY Dividend
GBP 0.11
FY Pretax Profit
GBP 48.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the home improvement products & services retailers peer group is "buy"

Wall Street's median 12-month price target for Wickes Group PLC is GBp250.00, about 16.3% above its March 16 closing price of GBp215.00

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)