Wickes reveals sales growth of more than 45% as profit predictions build

A UK home improvement retailer has announced that its sales have grown by more than 45 per cent since the beginning of the year.

Wickes Group, which has approximately 230 stores across the country, saw like for like sales growth of 45.7 per cent in the 21 weeks to 22 May compared to the same period last year.

It said that trading was “notably strong” through April, being driven by sales volumes in local trade and DIY as stores reopened, alongside continued digital demand.

Following the boost in April, it added that trading in May settled back in line with expectations.

In response to the positive results, the company is anticipating half year profits before tax of around £45m, with full year figures expected to hit the top half of analyst predictions, between £55m and £74m.

David Wood, CEO of Wickes, commented: “At Wickes, we are here to help the nation feel house proud, and I am delighted with how the entire business has responded to the continued strong demand for our products and services.

“Availability constraints and inflationary pressures across some raw materials have been well-flagged, but we have strong supplier relationships and are working closely with them to ensure we continue to provide customers with the products they need at the best possible value.”

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