Travis Perkins trading in line with expectations
Travis Perkins has reported that first quarter like-for-like sales grew by 7.3% at its consumer division which includes Wickes, Toolstation and Tile Giant.
The company said the sales growth was particularly pleasing given the early timing of Easter this year and that trading was in line with expectations.
Across the wider Travis Perkins group, total sales grew by 5% while like-for-like sales increased by 4.2%.
John Carter, Travis Perkins chief executive, said: “All of our businesses demonstrated good growth in the first quarter of 2016, driven by the recovery in the RMI market and by the investments we have made to improve our customer propositions as part of our five-year plan.
“Our three priorities remain unchanged; the modernisation of Travis Perkins, the transformation of Wickes, and improving the performance of the restructured Plumbing & Heating division.”
