Wickes secures spot on FTSE 250 market

Following the promotion, Wickes chief executive David Wood took to LinkedIn to say the upgrade was “fantastic recognition for all the hard work of our colleagues who do such a great job serving customers and helping the nation feel house proud. Well done team!” 

The home improvement retailer said the business had seen “good growth momentum” in the first quarter of the year, as the warm weather drove sales growth.

Wickes said in a statement: ”We’re proud as a peacock to announce that, today, Wickes (WIX.LN) has been promoted to the FTSE 250 index. This achievement is a reflection of the stock market’s confidence in our future growth prospects and a testament to the strength of the Wickes customer proposition and balanced business model, which ensures we continue to win market share and deliver our growth plans.

“Well done and thank you to our amazing Wickes colleagues for making this possible.”

In the first 17 weeks of 2025, Wickes reported a 6.9% increase in sales year on year to £533.1m. It recorded volume-led sales growth in its retail business, with revenues up 9.6%, while design and installation revenues were broadly flat for the period.

Wood said at the time of the results: “This has been a strong start to the new financial year, with the further increase in sales driven exclusively by volume growth, as more customers shop with us. Within retail, we have gone from strength to strength. We have taken further market share and seen a very good market outperformance in timber, hardware, decor and garden.

“In design and installation, we are benefiting from the actions taken to enhance the Wickes offer. This is a segment demonstrating real momentum, with a second quarter in a row of ordered sales growth.

“While we continue to be mindful of consumer sentiment and a challenging external environment, we have a strong platform in place and we are well set to continue delivering against our strategy.”