Finance
UK's Travis Perkins like-for-like sales rise on promotions
Published by Global Banking & Finance Review®
Posted on October 16, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 16, 2025
1 min readLast updated: January 21, 2026
Travis Perkins' Q3 like-for-like sales increased by 1.8% due to strategic promotions, despite a challenging UK construction market.
(Reuters) -Britain's Travis Perkins reported a 1.8% rise in third-quarter like-for-like (LFL) sales on Thursday, as the building materials supplier invested in pricing and targeted promotions to win back market share in its core merchanting business.
The revenue growth comes as Travis Perkins battles intense competition in a subdued UK construction market and prepares for new CEO Gavin Slark's arrival in January.
British construction activity contracted for the ninth month in a row in September as companies delayed major projects ahead of the November budget, a business survey showed this month.
"In what remains a highly competitive market, we have invested in pricing and targeted promotions and will continue to do so in the near-term," Chair Geoff Drabble said in a statement.
Travis Perkins’ Merchanting unit, which supplies to the construction and home improvement markets, posted like-for-like sales growth of 1.7% in the three months to September 30.
(Reporting by Raechel Thankam Job and DhanushVignesh Babu in Bengaluru; Editing by Subhranshu Sahu)
Like-for-like sales refer to the revenue generated by stores or businesses that have been open for at least one year, allowing for a comparison of sales performance over time.
A CEO, or Chief Executive Officer, is the highest-ranking executive in a company, responsible for making major corporate decisions and managing overall operations.
Promotions in sales are marketing strategies aimed at increasing customer interest and sales through discounts, special offers, or advertising campaigns.
Market share is the percentage of an industry or market's total sales that is earned by a particular company over a specified time period.
Revenue growth refers to the increase in a company's sales over a specific period, indicating the company's ability to expand its business.
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