Home Business News Travis Perkins deliver sales jump

Travis Perkins deliver sales jump

by LLB Reporter
8th May 19 10:41 am

Travis Perkins who owns Wickes have reported a strong rise in the first quarter as better weather helped compared to the Beast from the East in 2018.

The company had like-for-like sales grew by 7.3% in the first three months to 31 March, the group had a total sales rise of 5.4%.

A milder winter hit performance as the heating arm of Travis saw like-for-like sales fall by 4%.

John Carter, chief executive said, “This performance is all the more encouraging given the impact of the ongoing political uncertainty on our end markets.

“In plumbing and heating the milder winter has impacted sales compared to 2018, but our branches and specialist online channels have continued to perform well.”

Carter added, “The actions set out at our capital markets day in December 2018 to deliver best-in-class service to trade customers and to simplify the group are well under way.

“We are making good progress on cost reduction activities and expect to meet our cost reduction targets this year. Overall expectations for the group in 2019 remain unchanged.”

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