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Wickes profit falls 25% in challenging DIY market while retail arm shines
Source: Mintel 10-09-2024

UK 10-09-2024

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For the 26 weeks to 29 June 2024, Wickes posted a 3.4% decline in total revenue to £799.9 million, while retail revenue edged up by 1% to £633.2 million. Design and installation revenue fell by 17% to £166.7 million. The TradePro division saw a 14% growth in sales, and the number of TradePro members reached 1 million for the first time in September. Adjusted profit before tax was £23.4 million, down from £31.1 million during the same period last year.

Wickes' outlook remains unchanged, and it stated that trading during the third quarter to date “has seen an improved trend”.