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Travis delivers encouraging Q1 performance

Wickes new frontage

Earlier today, Travis Perkins delivered an encouraging trading update, with total sales up 5% and 6.2% up on a comparable basis. Like for like sales for the period were up 4.2%.

TP CEO John Carter commented “All of our businesses demonstrated good growth in the first quarter of 2016, driven by the recovery in the RMI market and by the investments we have made to improve our customer propositions as part of our five-year plan.

The modernisation of General Merchanting continued with a clear focus on driving the maturity of the heavyside range centre network, improving customer access to broader ranges and better stock availability. The physical aspect of the restructuring of the Plumbing & Heating division has been successfully completed; the priority is now to take full advantage of the customer focused businesses that have been created. Growth in the Contracts division moderated, against strong comparators in 2015, but there remains significant opportunity to continue to take further share in these markets. The Consumer division maintained the strong momentum established in 2015, with excellent like-for-like growth.

Our three priorities remain unchanged; the modernisation of Travis Perkins, the transformation of Wickes, and improving the performance of the restructured Plumbing & Heating division.” 

Download the full press release here.

Source: Insight DIY Team

If you'd like to make a comment, please email me at Steve@irg.co.uk.

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20 April 2016

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Thank you for the excellent presentation that you gave at Woodbury Park on Thursday morning. It was very interesting and thought-provoking for our Retail members. The feedback has been excellent.

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Martin Elliott. Chief Executive - Home Hardware.
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