What's Happening?
Wickes, a prominent DIY and trade retailer, has announced a significant increase in sales for the second half of 2025. The company's Group revenue rose by 6.3% year-on-year in H2, culminating in a full-year revenue of £1.64 billion, marking a 5.9% increase. Retail sales were the primary growth driver, with a 6.2% rise in the second half and a 6.5% increase for the full year, reaching £1.21 billion. The company's TradePro segment also performed well, with an 8% increase in sales year-on-year and a rise in active TradePro members by 11% to 643,000. The Design & Installation division saw a 6.9% revenue increase in H2, contributing to a 4.4% rise for the year. Wickes has continued to invest in its store estate, opening new locations and refreshing
existing ones, with 80% of its stores now in a new format. The company ended the period with net cash of £92 million, following a £20 million share buyback program.
Why It's Important?
The robust sales growth reported by Wickes highlights the company's successful strategy in capturing market demand for DIY and trade products. This growth is significant as it reflects consumer confidence and spending in the home improvement sector, which can be a bellwether for broader economic health. The increase in TradePro members and sales suggests a strong relationship with professional tradespeople, which could lead to sustained revenue streams. Wickes' investment in store formats and new locations indicates a commitment to enhancing customer experience and accessibility, potentially setting a standard for competitors. The financial health demonstrated by the company's cash reserves and share buyback program underscores its stability and potential for future growth.
What's Next?
Wickes is expected to continue its growth trajectory by further enhancing its product offerings and expanding its store network. The company plans to report its full-year adjusted profit before tax in mid-March, with expectations to meet market forecasts. Continued investment in store formats and customer experience will likely remain a focus, as will the expansion of the TradePro program. The company's ability to maintain sales momentum and adapt to market conditions will be crucial in sustaining its competitive edge.
