Finance
British retailer Wickes' half-year profit rises on strong retail sales
Published by Global Banking & Finance Review®
Posted on September 10, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 10, 2025
1 min readLast updated: January 22, 2026
Wickes' half-year profit rose by 17%, driven by loyalty program growth and DIY sales. Revenue increased by 5.6%, with a positive future outlook.
(Reuters) - British home improvement retailer Wickes Group reported a nearly 17% rise in half-year profit on Wednesday, underpinned by membership growth in its loyalty programme for trade professionals and increased do-it-yourself sales.
Wickes maintained its forecast for annual adjusted pre-tax profit, in line with analysts' estimate of 48.2 million pounds ($65.20 million), according to a company-compiled consensus.
"Whilst, we remain mindful of the cost headwinds facing the sector as a whole, continued investment in our growth levers and digital initiatives means we are well positioned for the future," CEO David Wood said in a statement.
The company reported an adjusted pre-tax profit of 27.3 million pounds for the 26-week period ended June 28, while revenue stood at 847.9 million pounds, up 5.6% from last year.
($1 = 0.7393 pounds)
(Reporting by DhanushVignesh Babu in Bengaluru; Editing by Sherry Jacob-Phillips)
Wickes Group reported a nearly 17% rise in half-year profit.
Wickes maintained its forecast for annual adjusted pre-tax profit at 48.2 million pounds, in line with analysts' estimates.
The profit growth was underpinned by membership growth in its loyalty programme for trade professionals and strong retail sales.
Wickes reported revenue of 847.9 million pounds, which is up 5.6% from last year.
Wickes is mindful of the cost headwinds facing the sector but continues to invest in growth levers and digital initiatives to position itself well for the future.
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