Home improvement retailer Wickes has reported a growth in retail revenue although profit fell by 16%.

According to its full year results for the 52 weeks to 28 December 2024, total sales dipped 1% to £1.53bn from £1.55bn in 2023. Retail sales rose 1.9% to £1.2bn from £1.1bn, while design and installation sales fell 10.5% to £326.5m from £364.7m.

Adjusted pre-tax profit resulted at £43.6m, down 16.2% from £52m year-on-year.

During the period, Wickes completed seven refits, while opening four new stores, creating 120 jobs. It plans to continue opening stores in 2025 including four former Homebase stores.

As for current performance, Wickes said trading in the first 11 weeks of 2025 has been in line with our expectations, with positive LFL sales growth continuing in Retail.

David Wood, Chief Executive of Wickes, commented: “2024 was a year of strong progress for Wickes as our balanced business model and brand strength saw us continue to deliver for customers and take further market share.

“We grew volumes and share throughout the year in Retail as customers bought more of our products for their home improvement projects, however big or small. In Design and Installation, we have been encouraged by a return to growth in ordered sales in Q4 following the actions we took to enhance our customer offer and experience.

“Given the strong progress over the last twelve months and the good start to Q1, we are well on track for the coming year. I would like to thank my colleagues for their continued hard work and support and, together, we remain focused on helping the nation feel house proud.”