Wickes Group (WIX) Trading update summary

Revenue and trading performance

• Group revenue grew 1.3% to £537m for the 17 weeks to 25 April 2026, with Design & Installation up 6.4% and TradePro sales up 4%.

• Retail revenue was broadly flat year-on-year, impacted by exceptional rainfall affecting outdoor project demand, but indoor project sales grew and outperformed outdoor categories by eight percentage points.

• Retail prices remained deflationary in low single digits, supporting volume growth and market share gains, especially in interior paint, tiling & flooring, and timber.

• Active TradePro members increased 9% to 662,000, reflecting continued strength in the trade segment.

• Design & Installation delivered positive sales growth for four consecutive quarters, with strong performance in bathrooms and Lifestyle Kitchens, though Bespoke Kitchens orders slowed.

Strategic initiatives and outlook

• Accelerated investment in new store rollout aims for 300 stores, with 4-5 new openings and 15-20 refits or refreshes planned for 2026; three stores refreshed during the period.

• Productivity plans and lower business rates are expected to support performance, with consensus expectations for 2026 adjusted PBT at a mean of £57.1m.

• Value-led business model and proven growth levers position the group well for future growth, with expectations for Retail sales to return to growth.

• Digital channels and enhanced customer propositions continue to drive engagement and sales across all segments.

Market environment and management commentary

• Market environment remains uncertain, but the group is confident in its strategy and ability to outperform.

• CEO highlights volume growth, TradePro strength, and Design & Installation performance as key drivers.

• Continued focus on broadening the offer and accelerating store rollout underpins confidence in future growth.