Wickes Q3 like-for-like sales rise 4% on value-focused pricing
Wickes reported a 4% rise in third-quarter like-for-like sales, helped by low prices that drew value-minded shoppers, according to Reuters.
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what happened
According to Reuters, British building materials supplier Wickes posted a 4% increase in like-for-like sales for the third quarter on Tuesday. Its low-price range appealed to cost-conscious buyers, even though the company acknowledged some modest price increases.
Total third-quarter revenue grew 4.5% to £439 million, or $586.07 million. Retail revenue climbed 6%, with the retail arm, which covers the TradePro trade-focused business and DIY stores, now seeing mild price inflation after a long stretch of deflation.
Rivals Travis Perkins and Howden Joinery have already lifted prices, while Wickes has said it wants to stay 2% to 3% cheaper than competitors. In its design and installation business, sales were roughly unchanged as customers cut back on large purchases. The company kept its full-year expectation of close to 10% higher adjusted pre-tax profit for 2026.
why it matters
The update suggests UK shoppers are still choosing cheaper options while holding back on big purchases, a split that matters for home improvement retailers and for investors tracking UK consumer demand against mortgage rates and inflation.
market impact
UK building-materials retailers: steady demand for value ranges and weak big-ticket sales signal sector trends
tags
instruments
sources
- Wickes' third-quarter sales climb as low-price strategy draws shoppers — Reuters, 20 October 2026 at 07:20 UTC
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