Wickes Group PLC (LSE:WIX) has backed market forecasts for 2026 adjusted pre-tax profit after second-quarter revenue rose 2.3% to £483 million, driven by higher sales volumes and customer numbers.
Retail revenue returned to growth, increasing 1.8%, with like-for-like sales up 0.6%. TradePro sales advanced 6%, and active membership rose 9% to 671,000, while DIY sales were broadly flat.
Design & Installation revenue increased 3.8%, with delivered sales growing for a fifth consecutive quarter.
However, Wickes said the value of orders placed was slightly lower year on year as customers took longer over larger purchases and demand for bespoke kitchens softened.
First-half group revenue rose 2.1% to £865 million, while net cash stood at £152 million after £20 million of share purchases.
Wickes remains comfortable with the analyst consensus of £55.4 million for adjusted pre-tax profit and expects to publish half-year results in mid-September.
In afternoon trading, the shares were marking time at 189.6p. Shore Capital reiterated its 'buy' rating and 280p target on Wickes, the DIY and home improvement retailer, with retail sales back in growth and TradePro membership up.
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