Travis Perkins has reported that full year revenue at its Wickes chain has declined by 2.5% and by 4.4% on a like-for-like basis after it faced a "challenging" DIY market. The company also said trading in the year to 31st December was impacted by poor weather conditions in March and April, which included the key Easter trading period.
Kitchen and bathroom sales were hit the hardest in the first half of the year with sales down 10% in the period, although trading improved in the company’s fourth quarter.
Wickes’ adjusted operating profit fell by 19% in the year, but this was split between a 39% decline in the first half followed by 15% growth in the second half of the year.
