Wickes Reports Strong Q3 Sales Growth

Wickes

United Kingdom: Wickes Group PLC recorded a 6.9% year-on-year increase in total revenue to EUR 420.1 million (US$ 488.9 million) in the third quarter, supported by robust performance across all divisions. The Design and Installation segment led the growth with a 7.8% rise, reflecting continued demand for home improvement and remodeling projects. The company noted that consumer interest in kitchen and bathroom upgrades remains solid, despite broader economic headwinds, as homeowners continue to invest in improving living spaces.

The company also reported an 8% year-on-year rise in the TradePro segment and steady mid-single-digit growth in DIY sales, supported by higher online engagement. Wickes saw Click & Collect sales jump 18% after introducing faster collection times, further enhancing customer convenience and digital sales momentum. The company reaffirmed confidence in meeting its full-year expectations, citing a strong order book and resilient customer demand heading into the next quarter.

Source: Investing com