Wickes like-for-like growth slowed to 2.4% in its third quarter as it faced an “increasingly difficult market environment”.
John Carter, the chief executive of Wickes owner Travis Perkins, said that like-for-like growth was driven by inflation-led price increases with volumes broadly flat across the group.
Wickes also faced strong comparatives for the quarter. On a two-year basis like-for-likes were up 8.9%.
Total sales jumped 5% to September 30 at the DIY retailer.
The rollout of its Toolstation format progressed in the UK and the Netherlands and achieved “excellent” like-for-like and overall sales growth.
Like-for-likes across the Travis Perkins group advanced 4.1% with total sales up 3.5%.
Carter said: “We have delivered a good like-for-like sales performance across the group in the third quarter against a challenging market backdrop of input cost inflation and market volatility.
“Trading conditions in our markets continue to be mixed, with consumer discretionary spending under pressure from rising inflation and ongoing uncertainty in the UK economy.”