Wickes adjusted profits have slipped despite a marginal increase in sales, although the retailer’s full-year guidance remains unchanged.
For the 26-week period to July 2, 2022, Wickes reported adjusted profit before tax of £45.6m, down from £46.5m for the same period the previous year, and profit before tax of £33.5m.
Revenues had grown 1.3% to £822.3m against strong prior-year comparatives, while gross profits slipped 0.7% to £292.6m.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.