Wickes Group (WIX) Q2 2026 TU earnings summary

Executive summary

• Achieved 2.3% group revenue growth in Q2 2026, driven by volume increases across both Retail and Design & Installation segments.

• Retail returned to growth with 1.8% revenue increase year-over-year, supported by customer growth and a deflationary pricing environment.

• TradePro sales rose 6% year-over-year, with active members up 9% to 671,000; DIY sales remained flat.

• Design & Installation delivered positive sales growth for five consecutive quarters, though Bespoke Kitchen orders slowed.

• Continued investment in store refits and digital channels, with 8 stores refitted or refreshed and 1 closed in H1 2026.

Financial highlights

• Group revenue for H1 2026 reached £865m, up 2.1% year-over-year.

• Retail revenue for H1 2026 was £640m, up 0.8% year-over-year; Design & Installation revenue was £226m, up 5.7%.

• Group like-for-like revenue growth was 0.6% for H1 2026.

• Net cash at half year stood at £152m, following £20m in share buybacks and employee trust purchases.

Outlook and guidance

• Comfortable with consensus expectations for 2026 adjusted PBT, mean forecast at £55.4m.

• Modest market growth expected for the remainder of 2026, with productivity plans and lower business rates supporting profitability.

• Store rollout and refresh program to accelerate, with 4-5 new stores and 15-20 refits or refreshes planned for 2026.