After posting disappointing results in 2024, Wickes has made a good start to 2025.
Over the six months to 28 June, the group saw its revenue increase by 5.6% to £847.9m, driven by volume growth.
Retail revenue rose by 6.8% to £634.4m, with a like-for-like hike of 6.4% due to strong customer demand across the timber, garden maintenance and decorating categories.
Meanwhile, its design & installation unit saw sales increase by 2.1% to £213.4m. Like-for-like sales slipped 1.0% but returned to growth in the second quarter.
Wickes revealed that it is planning to open five to seven new stores in 2025, with four to be launched in former Homebase outlets. It currently operates 229 stores across the UK.
David Wood, Chief Executive of Wickes, commented: “In the first half of the year, we have gone from strength to strength, with increased sales and record market share.
“Retail sales have grown again, driven by volumes, as more people shop with us, both in-store and online.
“In design & installation, the actions we took to improve the customer proposition are driving project order volumes, and as a result, we have returned to sales growth.
“The continued investment in our growth levers underpins our market outperformance and leaves us well placed for the future as we target further profitable growth and value creation for shareholders.”
