Wickes sees sales rise as like-for-likes dip 5.8%
Published: 12 December 2012
Travis Perkins Plc has announced financial results for the 11 months to November 30, 2012, revealing sales in its consumer division - mainly Wickes, but also Toolstation following its consolidation in January - were up 13.3%, but down nearly 6% like-for-like.
When including Toolstation's 2011 results, the sale increase was amended to 2.9% and the reduction in LfLs was reduced to 3.2%.
Group turnover at parent group Travis Perkins was up 1.6%, and the group said its like-for-like trends were similar to those
reported in October. It added: "These trends mean our outlook for the year as a whole remains unchanged... We remain on target to meet consensus earnings per share and are on track to achieve our net debt target of approximately £450m at the year end."