Travis Perkins Q1 Revenue Slips as Construction Demand Stays Weak

The latest announcement is out from Travis Perkins ( (GB:TPK) ).

Travis Perkins reported a 1.7% like-for-like revenue decline for the first quarter of 2026, reflecting ongoing weakness in construction activity, with Merchanting sales down 2.3% and Toolstation Benelux down 7.1%, partly offset by 2.6% like-for-like growth at Toolstation UK. Management is responding by passing through supplier price rises, driving procurement and margin improvements, and tightening overhead and capital spending, aiming to preserve market share and strengthen the group’s financial position despite challenging trading conditions.

The most recent analyst rating on (GB:TPK) stock is a Sell with a £464.00 price target. To see the full list of analyst forecasts on Travis Perkins stock, see the GB:TPK Stock Forecast page.

Spark’s Take on TPK Stock

According to Spark, TipRanks’ AI Analyst, TPK is a Neutral.

The score is held back primarily by weakened profitability (net losses in 2024–2025) and a poor technical trend (below major moving averages with negative MACD and low RSI/Stoch). Stronger operating and free cash flow and moderate leverage provide some support, while valuation is mixed due to the negative P/E despite a ~2.28% dividend yield.

To see Spark’s full report on TPK stock, click here.

More about Travis Perkins

Travis Perkins is the UK’s largest distributor of building materials, serving professional trades and the construction sector through its Merchanting operations and the Toolstation retail network. Its portfolio spans general merchanting and specialist outlets, with a growing focus on operational efficiency and capital discipline to support margins in subdued construction markets.

Average Trading Volume: 667,899

Technical Sentiment Signal: Strong Sell

Current Market Cap: £1.17B

For detailed information about TPK stock, go to TipRanks’ Stock Analysis page.