Wickes Group Reports Strong Start to 2025 with Significant Retail Growth

Wickes Group ( (GB:WIX) ) has issued an announcement.

Wickes Group PLC has reported a strong start to 2025, with a 6.9% increase in overall group revenue for the first 17 weeks, driven by a 9.6% rise in retail sales. The company has seen significant growth in its TradePro segment and DIY sales, benefiting from favorable weather conditions and strategic investments in store conversions and technology. Despite a challenging consumer environment, Wickes is well-positioned for continued growth, with plans to open new stores and enhance customer experience through technology investments.

The most recent analyst rating on (GB:WIX) stock is a Buy with a £2.40 price target. To see the full list of analyst forecasts on Wickes Group stock, see the GB:WIX Stock Forecast page.

Spark’s Take on GB:WIX Stock

According to Spark, TipRanks’ AI Analyst, GB:WIX is a Outperform.

Wickes Group’s stock is supported by strong technical momentum and strategic corporate actions, including a significant share buyback program that enhances shareholder value. While the financial performance is moderate due to high leverage and declining revenue growth, the stock’s valuation is bolstered by a strong dividend yield. The stock’s current position suggests potential for growth, but careful management of financial leverage and monitoring for any technical pullbacks will be important for maintaining its positive outlook.

To see Spark’s full report on GB:WIX stock, click here.

More about Wickes Group

Wickes is a digitally-led, service-enabled home improvement retailer in the United Kingdom, focusing on three key customer journeys: TradePro, DIY, and Design & Installation. The company operates 228 stores and offers products and services through digital channels, including its website and mobile apps, providing convenience and value to its customers.

Average Trading Volume: 1,113,006

Technical Sentiment Signal: Buy

Current Market Cap: £466.1M

For a thorough assessment of WIX stock, go to TipRanks’ Stock Analysis page.