Wickes has recorded strong growth in sales for the six months to May 22, driven by high demand from local traders and DIY.
The DIY retailer reported a 46 per cent increase in like-for-like sales compared with the same period last year.
Following the reopening of its Do It For Me showrooms on April 12, the retailer said it had been encouraged by its kitchen and bathroom leads and order pipeline, which it expects to deliver strong sales growth in the second half.
And, whilst there remains “uncertainty in the balance of full year outlook, following stronger than expected YTD core sales growth, Wickes sales it anticipates half year adjusted pre-tax profit of around £45m and full year pre-tax profit within the top half of the range of analyst expectations (current range £55m – £74m).
David Wood, CEO of Wickes, said: “At Wickes, we are here to help the nation feel house proud, and I am delighted with how the entire business has responded to the continued strong demand for our products and services. Availability constraints and inflationary pressures across some raw materials have been well-flagged, but we have strong supplier relationships and are working closely with them to ensure we continue to provide customers with the products they need at the best possible value.”
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