Wickes posts profit fall despite achieving ‘record sales’

Exterior of Wickes store

Wickes has posted a drop in profits for the full financial year despite achieving “record sales”, which it attributes to its “market-leading value proposition”.

For the year to December 31, 2022, Wickes reported adjusted profit before tax of £75.4m, down 11.3% year on year from £85m.

The home and DIY retailer posted revenue of £1.56bn, up 1.6% from £1.53bn in the previous year.

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