Wickes Group (LON:WIX) Issues Quarterly Earnings Results

Wickes Group (LON:WIX) posted its earnings results on Tuesday. The company reported GBX 9.60 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Wickes Group had a return on equity of 29.52% and a net margin of 2.35%.

Here are the key takeaways from Wickes Group’s conference call:

• First-half sales and profit increased: Group revenue rose 2.1% and adjusted profit before tax grew 1.1% to £27.6 million, despite 2%–3% retail deflation and cost inflation. Growth was volume-led, with retail up 0.8% and design and installation up 5.7%.
• Trading momentum strengthened in Q3: Retail like-for-like revenue growth reached the mid-single digits, driven by customer growth across trade and DIY rather than inflation. Management remains on track to deliver roughly 10% adjusted PBT growth for 2026.
• Expansion and shareholder returns are progressing: Wickes refreshed eight stores in the first half, plans four to five new stores this year, and expects to open seven to nine in 2027 before accelerating to more than 10 annually from 2028. The company also raised its interim dividend 2.8%, completed a £10 million buyback and funded a further £9 million for its employee benefit trust.
• Design and installation growth may moderate: New project volumes improved, but a shift toward lower-average-order-value lifestyle kitchens and bespoke bathrooms has slightly reduced ordered sales, creating a flatter delivered-sales profile in the second half. Management expects future recovery in higher-end demand as economic conditions improve.
• Investment and cost pressures remain: Productivity savings have not fully offset operating-cost inflation, while technology and property investment increased by about £5 million year over year. Technology project development costs are expected to rise modestly again in 2027 to approximately £20 million through the P&L.

Wickes Group Stock Up 0.6%

WIX traded up GBX 1.20 on Wednesday, reaching GBX 192.40. The company’s stock had a trading volume of 278,084 shares, compared to its average volume of 1,772,955. The company has a quick ratio of 0.58, a current ratio of 1.07 and a debt-to-equity ratio of 551.57. Wickes Group has a fifty-two week low of GBX 169.20 and a fifty-two week high of GBX 255. The company has a market capitalization of £423.09 million, a price-to-earnings ratio of 11.73, a P/E/G ratio of 0.79 and a beta of 0.85. The stock has a 50 day moving average of GBX 192.37 and a two-hundred day moving average of GBX 197.38.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Canaccord Genuity Group cut their price objective on Wickes Group from GBX 265 to GBX 260 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Berenberg Bank reissued a “buy” rating and set a GBX 265 target price on shares of Wickes Group in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 165 price target on shares of Wickes Group in a report on Wednesday. Citigroup decreased their price objective on Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Finally, Shore Capital Group reissued a “buy” rating and set a GBX 280 price objective on shares of Wickes Group in a research report on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 243.

About Wickes Group

Wickes is one of the UK’s best known home improvement retailers. Having opened our first store in 1972 we now have 228 stores across the UK, employing 7,400 colleagues and offering products ranging from kitchens and bathrooms, to paint, tools and timber.

Wickes is a successful, growing, cash generative and profitable business, operating in the large and growing £27 billion UK Home Improvement market. Over the past few years Wickes has consistently outperformed the market, growing share and delivering a CAGR growth rate double that of the market.

At Wickes, we have a clear purpose, which is to ‘help the nation feel house proud’, and we do this by focusing on our three customer segments – Local Trade, Do-it-for-me and DIY retail.