Travis Perkins (TPK) Q3 2026 TU earnings summary

Executive summary

• Q3 performance remained in line with H1; revenue declined 1.6% amid subdued UK construction output and persistent macroeconomic uncertainty.

• Cost discipline, trading mix management and operational efficiencies continued to support profitability, free cash flow generation and a robust financial position.

Financial highlights

• Q3 total revenue declined 1.6%; YTD total revenue declined 1.8%.

• Q3 revenue by business: Merchanting -2.6%, Toolstation UK +3.7% and Toolstation Benelux -3.8%.

• YTD revenue by business: Merchanting -2.6%, Toolstation UK +3.0% and Toolstation Benelux -5.3%.

Outlook and guidance

• Toolstation UK expects further store openings in 2027, with expansion continuing in line with expectations.

• Further strategy and operational priorities are due to be outlined at the preliminary results in March 2027.