Wickes holds firm on outlook despite dip in DIY sales

Wickes Milton Keynes

Wickes has maintained its profit expectations for the full year, despite a decline in sales in an “uncertain” trading environment.

Wickes posted a 4.2% dip in group like-for-like sales for the 16 weeks to April 20, 2024.

Despite this, retail sales at the home & DIY retailer were up 0.6% for the period, which Wickes said was driven by volume with an increased number of transactions as selling prices saw “mild deflation”.

 

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