Wickes (LSE:WIX) reported group revenue of £537 million for the 17 weeks to 25 April 2026, representing growth of 1.3% year-on-year as strong performances in Design & Installation and TradePro helped offset weaker DIY demand linked to poor weather conditions.
Retail revenue remained broadly unchanged during the period, although the company said it continued to gain market share across several core categories, including interior paint, tiling, flooring and timber products. Management attributed part of this performance to deflationary pricing strategies and continued growth in active TradePro membership.
The Design & Installation division recorded revenue growth of 6.4%, supported by ongoing strength in bathroom products and the Lifestyle Kitchens range. However, demand for higher-value Bespoke Kitchens softened as customers became more cautious with discretionary spending.
Wickes said it remains focused on expanding its store network toward a long-term target of 300 locations. The company plans to open as many as five new stores this year while also completing up to 20 store refits across the existing estate.
Management stated that the group’s value-focused offering, operational productivity initiatives and lower business rates provide confidence that full-year 2026 profit expectations will be achieved despite continuing uncertainty in the consumer environment.
The company’s outlook reflects a mixed financial profile, with improving cash flow performance partially offset by relatively high leverage and narrow profit margins. Technical indicators currently point to weaker near-term momentum, while valuation support comes from a moderate earnings multiple and a solid dividend yield.
More about Wickes Group
Wickes Group is a UK home improvement retailer serving trade professionals, DIY customers and project-based Design & Installation clients. The company operates approximately 230 stores alongside digital sales channels, offering products and services across kitchens, bathrooms, flooring, decorating and general home improvement, supported by nationwide fulfilment capabilities.
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