Home improvement retailer Wickes Group Plc (WIX.L) reported Thursday higher revenues in its third quarter, with volume-led growth across all areas of the business.
Looking ahead for fiscal 2025, the company said it remains comfortable with current consensus expectations for adjusted profit before tax of 48.3 million pounds, with a range of 46.8 million pounds to 50.7 million pounds.
David Wood, Chief Executive of Wickes, said, "This has been another strong period for Wickes, with sales driven by an increase in volumes. Within Retail, our continued outperformance has seen us take further market share. In Design and Installation, the changes made to our offer are showing through in increased demand and ongoing momentum. Looking ahead, we remain well-placed for the full year as we continue to support our customers across all their home improvement projects."
In its trading update for the thirteen weeks ended September 27, the company reported revenues of 420.1 million pounds, a growth of 6.9 percent on a reported basis, and 5.9 percent on a like-for-like or LFL basis.
Retail revenues grew 6.7 percent year-over-year to 312.5 million pounds, while LFL revenue growth was 5.6 percent.
Design & Installation revenues were 107.6 million pounds, up 7.8 percent on a reported basis and 7 percent on LFL basis.
In the nine months, revenues were 1.27 billion pounds, up 6 percent from last year. LFL revenue growth was 5 percent.
On the LSE, Wickes Group shares were trading at 226.50 pence, up 0.89 percent.
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