Wickes profits slip but full-year guidance remains unchanged

Wickes Crawley store front

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.

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