Wickes has reported “good growth momentum” in its first quarter after suggesting it had been well positioned to benefit from the UK’s warmer weather.
The home improvement retailer revealed a group revenue increase of 6.9% on last year for the period covering the first 17 weeks of 2025, to £533.1m.
In its retail division, Wickes reported revenue growth of 9.6% to £396.7m over the period, while its design and installation business recorded a slight decrease of -0.4% to £136.4m.
Wickes said the warmer weather had supported the strong sales performance in its retail business, as it reported its “biggest ever week” for sales of compost and top soil in the week of the early May bank holiday.
“This has been a strong start to the new financial year, with the further increase in sales driven exclusively by volume growth, as more customers shop with us,” Wickes chief executive, David Wood, commented.
“Within retail, we have gone from strength to strength. We have taken further market share and seen a very good market outperformance in timber, hardware, decor and garden.
“In design and installation, we are benefitting from the actions taken to enhance the Wickes offer. This is a segment demonstrating real momentum, with a second quarter in a row of ordered sales growth.”
Wickes did acknowledge that the consumer outlook remains “uncertain” and that its business is facing “significant cost headwinds” but stated that it had made a good start to the year and that it would remain comfortable with its current consensus profit expectations for 2025.
“While we continue to be mindful of consumer sentiment and a challenging external environment, we have a strong platform in place and we are well set to continue delivering against our strategy,” Wood added.
Recent Stories