Finance
UK's Wickes Group revenue rises 5.5% but cost pressures loom
Published by Global Banking & Finance Review®
Posted on May 13, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 13, 2025
1 min readLast updated: January 23, 2026
Wickes Group's revenue rose by 5.5% despite facing significant cost pressures and an uncertain consumer outlook, driven by retail sales growth.
(Reuters) -British home improvement retailer Wickes Group reported a 5.5% rise in like-for-like revenue for the 17 weeks to April 26 on Tuesday but warned that the business faced "significant" cost headwinds and consumer outlook remains uncertain.
British firms are facing increased expenses due to a rise in social security contributions and minimum wages, while persistent inflation and uncertainty sparked by U.S. tariffs may increase the risk of consumers tightening their purse strings.
"We continue to be mindful of consumer sentiment and a challenging external environment," CEO David Wood said in a statement.
Still, Wickes posted revenue of 533.1 million pounds ($703.2 million) for the 17-week period, driven by growth in retail sales, and backed market expectations of annual pretax profit between 45.6 million pounds and 51 million pounds.
($1 = 0.7582 pounds)
(Reporting by Shashwat Awasthi in Bengaluru; Editing by Rashmi Aich)
The article discusses Wickes Group's revenue increase and the cost pressures it faces amid uncertain consumer sentiment.
Wickes Group reported a 5.5% rise in like-for-like revenue for the 17 weeks to April 26.
Wickes Group faces significant cost headwinds and an uncertain consumer outlook due to rising expenses and inflation.
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