THE RETAIL BULLETIN - The home of retail news
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Health & Beauty
General Merchandise
Sports & Leisure
Retail Solutions
Food & Drink
Travis Perkins grows revenue and market share

Building merchant and DIY retailer Travis Perkins has posted a 54% increase in its first-half revenue.


Travis Perkins grows revenue and market share

Building merchant and DIY retailer Travis Perkins has posted a 54% increase in its first-half revenue.

The company's revenue for the six months to 30 June was £2.3 million, up from £1.5 million a year ago. Pre-tax profit increased by 20.5% to £129.2 million from £107.2 million last year.

In its retail division, like-for-like sales were up 0.3%. Revenue at Wickes increased by 2% and core sales increased by 4.1%, partly due to a 40% increase in sales from the company’s multi-channel operation, which represents 6% of its business.  Kitchen and bathroom sales were down 13.2% year-on-year. 

Travis Perkins said its  acquisition of 13 of the failed Focus stores was helping it to roll out its smaller store formats in catchment areas that previously might not have supported a larger store.  By the end of the year, the company plans to operate at least 212 full stores, an increase of 17 since December 2010.

Tile Giant saw overall turnover increase by 9.3%. Like-for-like sales grew in the first quarter, but there was a 0.6% reduction for the first half as a whole.

Travis Perkins said its outlook for the full year remained unchanged. The company has benefitted from its purchase of BSS a year ago which is offsetting a weaker trading pattern.

Chief Executive Geoff Cooper said: "We are now the largest provider of building materials in the UK, and we have market-leading customer propositions that are delivering further gains in market share. We also have an excellent track record of outperforming our market and driving financial performance over a sustained period and consequently look forward to the future with confidence."


Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News


Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy