Wickes has reported revenue growth of 2.3% for the second quarter of 2026, supported by continued volume growth across the business.
Retail returned to growth – having fallen by 0.4% in the first quarter as consumers paused DIY projects due to heavy rainfall. Revenue bounced back as the sun came out, increasing by 1.8% YOY in Q2, leading to overall revenue growth in H1 of 0.8%. Wickes also increased its market share growth in this category.
Within retail, its trade arm TradePro continued to perform well, with sales up 6% YOY, and Active TradePro membership increasing by 9% to 671,000.
Design & Installation saw revenue growth of 5.7% for H1 2026, driven by Lifestyle Kitchens and Bespoke Bathrooms.
The company finishes H1 with a net cash balance sheet of £152m – slightly lower than 2025’s £158m. It expects to open four or five new stores and to refit or refresh 15-20 stores by the end of 2026.
Another period of growth
Wickes’ CEO David Wood said: “This has been another period of revenue growth, driven once again by volumes and an increase in the number of Wickes customers. Our Retail business has performed well given the current external environment, with TradePro’s convenient and value-led offer seeing even more local tradespeople turn to Wickes. In Design and Installation, the broadening of our offer is supporting current consumer trends, with our Wickes Lifestyle Kitchens proving particularly popular.
He added: “Looking ahead, our strategy leaves us well-placed to continue to win as we accelerate our store rollout and refresh programme.”
Commenting on Wickes PLC’s latest trading update, Julie Palmer, managing partner at financial and real estate advisory group BTG, highlighted the impact that weather can have on trade: “Striking the balance of convenience, value and speed across its vast estate, Wickes has cemented itself as supplier of choice for both DIY and professional customers delivering another quarter of resilient sales as people have readied their homes and gardens for the summer of heatwaves and sport. Being able to invest in expanding its estate and maintain competitive prices is an enviable position in the current retail climate and means Wickes can meet changing seasonal needs of instore and online customers across its divisions.”
Housing market slowdown contributing to success
She suggested that Wickes could even be benefitting from the slowing down of the housing market, as consumers choose to stay put and invest in their homes rather than move. “However, Wickes will be striving to ensure that if the housing market begins to pick up again then it can hold on to the market share it has accrued not only for DIY customers but also for the higher-value projects from its Design and Installation division should renovation demand return,” Palmer warned.
Weather may have dented demand at the start of the year, but Wickes has shown with its resilient H1 results how quickly home improvement spending can bounce back. With TradePro firing, market share rising and store investment accelerating, the retailer is entering the second half with plenty of momentum.
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