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    TPK   GB00BK9RKT01

TRAVIS PERKINS PLC

(TPK)
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UK DIY retailer Wickes flags slowing sales, backs full-year guidance

10/27/2021 | 03:13am EST

Oct 27 (Reuters) - Wickes Group flagged slowing third-quarter sales after the lifting of lockdowns compared with last year, when the home improvement retailer benefited from a surge in demand for do-it-yourself projects by people stuck at home.

The company, which was spun off from Travis Perkins, on Wednesday backed an outlook it provided last month that its annual earnings would be towards the upper end of an analyst consensus of 55-74 million pounds ($75.64-$101.76 million).

Wickes saw a significant jump in demand since the start of the pandemic as Britons spent more time and money on home renovations. The curbs in the country have since been almost entirely lifted with the majority of its population vaccinated.

Supply shortages had no material impact on sales during the third quarter, the British company said, while adding that it was dealing with higher costs.

"We are well-placed within a large and growing home improvement market," Chief Executive Officer David Wood said, adding that the company has been able to navigate inflationary pressures and raw material constraints. ($1 = 0.7272 pounds)

(Reporting by Muvija M and Chris Peters in Bengaluru, Editing by Sherry Jacob-Phillips and Rashmi Aich)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
TRAVIS PERKINS PLC 0.40% 1523 Delayed Quote.0.51%
WICKES GROUP PLC 1.25% 242.2 Delayed Quote.0.00%
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Analyst Recommendations on TRAVIS PERKINS PLC
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Financials
Sales 2021 4 622 M 6 127 M 6 127 M
Net income 2021 227 M 301 M 301 M
Net Debt 2021 473 M 628 M 628 M
P/E ratio 2021 15,1x
Yield 2021 4,92%
Capitalization 3 347 M 4 435 M 4 437 M
EV / Sales 2021 0,83x
EV / Sales 2022 0,77x
Nbr of Employees 28 710
Free-Float 98,1%
Chart TRAVIS PERKINS PLC
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 15,23 GBX
Average target price 1 844,19 GBX
Spread / Average Target 12 009%
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Managers and Directors
Nicholas John Roberts Chief Executive Officer & Director
Alan Richard Williams Chief Financial Officer & Director
Jasmine Mary Whitbread Non-Executive Chairman
Phil Tenney Chief Information & Technology Officer
Frank Mark Elkins Chief Operating Officer
Sector and Competitors