Wickes beats profit forecasts, raises store ambition to 300
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil prices jump over 2%, Brent above $100/barrel as Iran supply fears persist Explained: Why gold prices are falling despite raging Iran war Wall Street rebounds from last week’s slump, helped by tech, sliding oil prices UAE real estate deals fall 51% MoM since conflict started- report FLASH SALE (South Africa Philippines Nigeria) FLASH SALE Wickes beats profit forecasts, raises store ambition to 300 By Author Maria Ponnezhath Earnings Published 03/17/2026, 03:52 AM Wickes beats profit forecasts, raises store ambition to 300 0 WIX 6.05% Investing.com -- Wickes Group PLC (LON:WIX) on Tuesday reported full-year adjusted profit before tax of £49.9m for the 52 weeks ended December 27, 2025, beating analyst consensus of £48.2m and marking a 14.4% increase from £43.6m in the prior year. Revenue rose 5.9% to £1,636.2m, compared to £1,544.5m in 2024. The home improvement retailer’s retail division generated revenue of £1,208.9m, up 6.5%, while its Design & Installation business grew 4.4% to £427.3m. The company said operating leverage and strong productivity partially offset cost inflation during the period. Unlock premium chipmaker and AI insights with InvestingPro Wickes announced it is raising its store expansion target to 300 locations from a previous ambition of 250, a move expected to create over 2,000 new jobs. For fiscal 2026, Wickes said it remains comfortable with analyst consensus expectations of £57.6m in adjusted profit before tax, representing approximately 15% growth. The company noted that while wet weather has impacted outdoor project demand in the first 11 weeks of 2026, it continues to see volume growth across indoor projects and Design & Installation. "This has been another year of strong progress against our strategy. We’ve achieved volume-driven growth across all three areas of the business, as the strength of our proposition continues to resonate with customers," said David Wood, Chief Executiv...
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