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Investing.com -- British home improvement retailer Wickes Group (LSE:LON:WIX) announced a 5.5% increase in like-for-like revenue for the 17 weeks leading up to April 26.
Despite this positive growth, the company cautioned that it is facing substantial cost challenges and an uncertain consumer outlook.
CEO David Wood noted in a statement that the company remains aware of consumer sentiment and the difficult external environment.
The revenue for the 17-week period reached 533.1 million pounds ($703.2 million), largely fueled by an uptick in retail sales.
In spite of the challenges, Wickes is supporting market predictions of an annual pretax profit ranging from 45.6 million pounds to 51 million pounds.
The company continues to navigate the financial landscape, keeping an eye on cost pressures and consumer sentiment.
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