UK's Wickes rises on revenue growth, reaffirming FY profit outlook

Wickes

13/05/2025 08:47

** Wickes WIX.L jumps 7.5% to 212p; among top gainers on FTSE small-cap index .FTSC

** British home improvement retailer's revenue grows 6.9% y/y, LFL revenue up 5.5% y/y in 17 weeks to April 26

** Says comfortable with market forecasts for 2025 adjusted PBT despite uncertainties in consumer outlook, significant cost headwinds

** Peel Hunt says, "With pricing broadly flat, growth is being driven by volumes, as the group continues to take share"

** YTD, WIX gains 39.2%

 (Reporting by Nithyashree  R B)

 ((NithyashreeRB@thomsonreuters.com;))