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2021-10-27

WICKES GROUP PLC: Q3 Trading Update

WICKES GROUP PLC (WIX)
WICKES GROUP PLC: Q3 Trading Update

27-Oct-2021 / 07:00 GMT/BST
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27 October 2021

Wickes Group plc - Q3 Trading Update

Strong performance on a two-year basis, profit guidance confirmed

 

Wickes Group plc ("Wickes" or "the Group") today provides a third quarter trading update and confirms profit guidance for the full year.

 

Wickes continued to perform well in the third quarter, with a resilient sales performance. As expected, Core sales moderated as we annualised tough 2020 comparatives, and remained strongly ahead on a two-year basis, underpinned by our digital leadership and operational strengths.

 

 

 

 

 

1 Year Like for Like Sales Growth %

2 Year Like for Like Sales Growth %

Core

DIFM

Total

Core

DIFM

Total

Quarter 1

(13 weeks to 27 Mar)

38.5%

(25.0)%

19.7%

51.5%

(28.3)%

25.6%

Quarter 2

(13 weeks to 26 Jun)

34.2%

185.7%

47.6%

38.4%

(27.5)%

19.7%

Quarter 3

(13  weeks to 25 Sep)

(2.3%)

0.7%

(1.6%)

27.4%

(12.4%)

16.3%

 

Core sales were supported by strong performance in local trade, where home renovations continue to drive robust order books for our trade customers. Wickes operational strengths meant supply shortages had no material impact on sales in the period. As reported across the industry, we have seen price inflation accelerate, and we continue to manage this responsibly by focusing on cash margin recovery while maintaining our leading price position.

 

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