28th Oct 2021 16:06
Travis Perkins PLC - Northampton-based building supplies retailer - Reports 13% like-for-like sales growth in the third quarter of 2021 on both a year and two years before. The Merchanting business leads with 15% annual and 12% two-year sales growth on a like-for-like basis. The Toolstation business records just 1.4% annual growth on the same basis but 25% growth from 2019. As a result, Travis Perkins says it expects adjusted operating profit for all of 2021 to be at least GBP340 million, ahead of market expectations that it places at GBP316 million. The company recorded adjusted operating profit of GBP227 million in 2020, prior to the demerger of DIY retailer Wickes Group PLC.
Current stock price: 1,547.50 pence, down 2.4% on Thursday
Year-to-date change: up 17%
By Tom Waite; [email protected]
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