#tradingfloorai | #WIX |  #Salesgrowth #Revenuegrowth #Revenueup | Wickes Group plc released a trading update for the six months ending December 28, 2024, highlighting continued growth in its Retail division and an improving performance in its Design & Installation business. The company expects its full-year adjusted profit before tax to be towards the upper end of the market forecast range.

In the second half of 2024, Wickes achieved a 3.0% year-on-year revenue increase in its Retail division, with particularly strong performance in interior paint, decorative accessories, and garden projects. The TradePro segment within Retail also performed well, with a 14% sales increase. Despite challenging market conditions, the Design & Installation business saw a slowdown in revenue decline.

Wickes strategic investments continue, including new store openings and refits, and the company maintains a strong balance sheet with net cash of £86.3m at the year-end. The companys proven growth strategy and market share gains position it well for faster growth as it continues to invest in its strategic levers. Read More@: