Professional
Added to YB: 2024-08-09
Pitch date: 2024-07-26
WIX.L [bullish]
Wickes Group plc
+38.16%
current return
Author Info
No bio for this author
Company Info
Wickes Group plc operates as a retailer of home improvement products and services in the United Kingdom.
Market Cap
GBP 400.2M
Pitch Price
GBP 1.27
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
0.63
Sector
Specialty Retail
Category
value
Palm Harbour Capital Portfolio Holding: Wickes Group plc
WIX.L: British home improvement retailer. Q1 LFL sales -4.2% (Retail +0.6%, Design & Installation -18.2%). Challenges: post-COVID kitchen sales correction, slow housing market, poor weather. Expanding into solar with Solar Fast acquisition. Full-year outlook unchanged despite tough environment. Net cash position maintained. Needs improved trading for operational leverage.
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