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UK’s Wickes lifts annual profit outlook after HY earnings beat By Reuters

by Mike Robinson

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© Reuters.

(Reuters] – Wickes Group, a British home improvement retailer, increased its annual profit forecast Thursday. This was due to its strong sales through digital channels.

The retailer, which was spun out of Travis Perkins (LON:) earlier this year, said its adjusted profit before tax for the six months ended June 30 surged more than three-fold to 46.5 million pounds ($64.29 million), above its forecast of 45 million pounds.

($1 = 0.7233 pounds)

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