REG - Wickes Group PLC - Q4 Trading Update

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RNS Number : 8504P  Wickes Group PLC  22 January 2026

 

22 January 2026

 

Wickes Group plc - Trading Update for the six months ending 27 December 2025

 

Continued sales growth across all areas of the business

 2025 adjusted PBT expected to be in line with market forecasts

 

In the second half of 2025 Wickes delivered further volume-led growth across
all areas of the business, with Group revenue(1) increasing by 6.3%
year-on-year.

 

                                                          H1 2025(4)  H2 2025(5)  FY 2025(6)
 Retail(2)                            Revenue(1)          £634m       £574m       £1,209m
                                      Revenue growth      6.8%        6.2%        6.5%
                                      LFL revenue growth  6.4%        5.1%        5.7%
 Design & Installation Ranges(3)      Revenue(1)          £213m       £214m       £427m
                                      Revenue growth      2.1%        6.9%        4.4%
                                      LFL revenue growth  (1.0)%      6.1%        2.5%
 Group                                Revenue(1)          £848m       £788m       £1,636m

                                      Revenue growth      5.6%        6.3%        5.9%
                                      LFL revenue growth  4.5%        5.3%        4.9%

 

Retail delivered another period of strong sales growth, with revenue up 6.2%,
driven by a continued increase in volumes, in a mildly deflationary pricing
environment. As customers continue to choose Wickes for certainty of value,
convenience and speed, we grew market share to a new record level.

 

Within Retail, TradePro continued to outperform, with sales up 8%
year-on-year, as local trade professionals continue to choose Wickes to save
them time and money. Active TradePro members(7) increased by 11% year-on-year
to 643,000. DIY sales were in mid-single digit growth, with volumes driven by
increasing customer transactions.

 

The good momentum within Design & Installation continued, with revenue
increasing by 6.9%, as customers are reacting positively to the enhancements
made to our kitchen and bathroom proposition. Ordered sales(8) have remained
in growth for five consecutive quarters, demonstrating continued momentum as
we annualise the return to ordered sales growth in Q4 2024. Delivered sales(9)
have now been in positive growth for three consecutive quarters, with LFL
growth in the second half of 6.1%.

 

Investment in our strategic growth levers continues, with the opening of new
stores in Southport and Northampton Riverside during Q4, bringing our total
new stores for the year to five. We completed one full store refit and
refreshed a further five stores in H2, with c.83% of the store estate now in
the new format.

 

Our balance sheet remains strong, with net cash at the year end of £92m,
after the completion of the £20m 2025 share buyback programme(10). The cash
balance is supported by a healthy order book in Design & Installation, as
well as the phasing of some capital investment projects. Average cash across
the year was £153m, reflecting our normal cycle of working capital.

 

We expect to report full year results for the period ending 27 December in
mid-March 2026, with adjusted PBT for FY25 expected to be within the consensus
forecast range(11).

 

David Wood, Chief Executive of Wickes, commented:

 

"This has been another period of good sales growth for Wickes, underlining a
year of strong progress against our strategy. Pleasingly, growth has been
volume-driven across the business, with customers turning to Wickes for value,
convenience and speed. Our Design & Installation customers have responded
well to the enhancements to our offer, enabling us to build on the sales
momentum we have established this year.

 

"As we continue to invest in our growth levers, we remain on track to meet
market expectations for the full year and look forward to supporting even more
customers with their home improvement projects in the year ahead."

 

 

Enquiries

 Investors and Analysts                                             Media

 Holly Grainger                                                     Lucy Legh, Will Smith, Eleanor Evans

 Director of Investor Relations                                     PR Advisers to Wickes

 +44 (0)7341 680426                                                 +44 (0)203 805 4822

 holly.grainger@wickes.co.uk (mailto:holly.grainger@wickes.co.uk)   wickes@headlandconsultancy.com (mailto:wickes@headlandconsultancy.com)

 

 

About Wickes

 

Wickes is a digitally-led, service-enabled home improvement retailer,
delivering choice, convenience, value and best-in-class service to customers
across the United Kingdom, making it well placed to outperform its growing
markets. In response to gradual structural shifts in its markets over recent
years, Wickes has a balanced business focusing on three key customer journeys
- TradePro, DIY (together reported as Retail) and our project-based Design
& Installation division.

 

Wickes operates from its network of 230 right-sized stores, which support
nationwide fulfilment from convenient locations throughout the United Kingdom,
and through its digital channels including its website, TradePro mobile app
for trade members, and Wickes DIY app. These digital channels allow customers
to research and order an extended range of Wickes products and services,
arrange virtual and in-person design consultations, and organise convenient
Home Delivery or Click-and-Collect.

 

Quarterly LFL

 

                                                          Q1                     Q2                    Q3                    Q4

                                                          13 weeks to 29 March   13 weeks to 28 June   13 weeks to 27 Sept   13 weeks to 27 Dec
 Retail(2)                            Revenue(1)          £275m                  £359m                 £313m                 £262m
                                      Revenue growth      4.9%                   8.3%                  6.7%                  5.5%
                                      LFL revenue growth  4.4%                   7.9%                  5.6%                  4.5%
 Design & Installation Ranges(3)      Revenue(1)          £101m                  £113m                 £108m                 £106m
                                      Revenue growth      (1.7%)                 5.7%                  7.8%                  6.0%
                                      LFL revenue growth  (5.6%)                 3.5%                  7.0%                  5.2%
 Group                                Revenue(1)          £376m                  £472m                 £420m                 £368m

                                      Revenue growth      3.0%                   7.7%                  6.9%                  5.7%
                                      LFL revenue growth  1.6%                   6.9%                  5.9%                  4.7%

 

 

Footnotes

 

1) The Group has reviewed its presentation of revenue arising from delivery
charges and has now disclosed delivery revenue within Revenue, which was
previously recognised net within Cost of Sales. £2.4m of delivery revenue has
been re-presented from Cost of Sales to Revenue for the 26 weeks ended 28
December 2024. The reclassification has been applied to the comparative
period for the purposes of calculating the revenue growth and LFL revenue
growth percentages disclosed here. There are no impacts to any profit
measures, balance sheet or cash flows for the 26 weeks ended 28 December 2024
as a result of the re-presentation.

2) Retail revenue relates to all products and related delivery income sold to
customers (both DIY and local trade), in stores or online, excluding those
reported as Design & Installation Ranges.

3) Design & Installation Ranges revenue includes all product categories
which could be sold as part of a design and/or installation and where the
majority of sales of those products are designed and/or installed.  This
relates principally to projects such as kitchens and bathrooms, sold by our
Design Consultants, as well as Wickes Solar.  Revenue is recognised when
delivery and installation (where applicable) is complete.  Design &
Installation Ranges includes Wickes Solar from 21 May 2024 onwards.

4) 26 weeks to 28 June 2025

5) 26 weeks to 27 December 2025

6) 52 weeks to 27 December 2025

7) TradePro members deemed 'active' are those who have shopped with us in the
last 12 months.

8) Ordered sales refers to the value of orders at the point when the order has
been placed.

9) Delivered sales refers to the revenue which is recognised when the Group
has satisfied its performance obligation to the customer and the customer has
obtained control of the goods or services being transferred.

10) Stated before stamp duty and commission.  Comprises £8m spent in the
first half and £12m in the second half.

11) As at 8 January 2026, consensus complied from all 10 covering analysts is
for adjusted PBT in 2025 of a mean of £48.4m, with a range of
£46.8m-£50.7m.

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