Wickes Group PLC on Tuesday hailed an increase in sales despite a decrease on spending for Design & Installation.
The Watford, England-based home improvement retailer said it returned to revenue growth in the second half of its financial year.
Wickes shares rose 12% to 172.20 pence each on Tuesday morning in London.
It expects to report revenue for the year that ended December 28 of £1.54 billion, a decline of 1.0% from £1.54 billion in financial 2023.
For the second half alone, Wickes says it generated revenue of £738.9 million, a climb of 1.8% on-year. Revenue had shrunk 3.4% in the first half.
Retail revenue rose 3.0% in the second-half, quickening from a 1.0% rise in the first.
Design & Installation revenue fell 2.5% in the second half, the pace of decline easing from 17% in the first.
Wickes now expects adjusted pretax profit for the full-year to be at the upper end of the £39.7 million to £44.0 million consensus range.
In financial 2023, it reported adjusted pretax profit of £59.5 million before the impact of software-as-a-service IT investment costs, £52.0 million after.
The company expects to report full year results in the second half of March.
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