Wickes: 1.3% Group Revenue Growth, Driven by D&I and TradePro

• Continued growth in revenue, driven by Design & Installation and TradePro
• Comfortable with market forecasts for 2026 adjusted PBT

Wickes Group plc has published a Trading Update for the 17 weeks to 25 April 2026.

The start of 2026 has seen Wickes deliver 1.3% revenue growth, driven by continued volume growth in Design & Installation and TradePro.  

Retail revenues were broadly maintained year-on-year, despite, as previously highlighted, market demand for outdoor projects having been significantly impacted by exceptional rainfall, compared to more favourable conditions last year. On a two-year basis, Retail revenue increased by 8.9%. Sales from indoor projects remained in growth during the period, approximately eight percentage points ahead of outdoor categories.  

We continued to deliver overall volume growth in Retail as our prices have remained deflationary, in low single digits. Further market outperformance has led to continued market share growth, with particular gains in interior paint, tiling & flooring and timber. 

Within Retail, TradePro continued to perform well, with sales up 4% year-on-year, as local trade professionals continue to choose Wickes to save them time and money.  Active TradePro members⁴ increased by 9% year-on-year to 662,000. DIY sales in particular reflected the weather pattern noted above.  

Customers continue to react positively to our enhanced Design & Installation proposition.  Delivered sales⁵ have now been in positive growth for four consecutive quarters, as we fulfil the order book built during 2025.  

So far in 2026 we have grown the number of Design & Installation projects ordered.  We have seen strong growth in bathrooms and Wickes Lifestyle Kitchens, whilst orders for Bespoke Kitchens have slowed, as customers are being more considered in their overall project spend. Ordered sales⁶ by value for the period were therefore slightly lower than in the same period last year. 

As announced at our recent full year results, we are accelerating investment in our new store rollout strategy, with an ambition to reach 300 stores. We are in the process of securing our future property pipeline, having already identified the optimal locations.  For 2026 we expect to open 4-5 new stores and to refit or refresh 15-20 stores. During the period we refreshed three stores.  

Investment in our proven growth levers positions us well for 2026 and beyond. Whilst the market environment remains uncertain, our value-led business model leaves us well-positioned and we expect Retail sales to return to growth. We have a good productivity plan in place and will additionally benefit from lower business rates following the latest revaluation. As such we remain comfortable with consensus expectations⁷ for adjusted PBT for 2026.

David Wood, Chief Executive of Wickes, commented: 

"We are pleased to have achieved further volume growth in the first 17 weeks of the year.  TradePro continues to go from strength to strength, while the performance in Design & Installation is testament to our broadened offer across kitchens and bathrooms. Our proven growth strategy gives us added confidence as we accelerate our new store rollout and refresh programme."

Source : Wickes

Image : Wickes

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