Likewise has seen sales growth accelerate in recent weeks, with June delivering a 20% boost.
The flooring wholesale group says that sales in the year to 16 June were up by 17%, on a like-for-like basis. This compares with a 16.5% rise in the year to 31 May.
Performance in June was 20.8% higher, compared with an annual increase of 19.1% seen in May.
‘The group has had a very positive start to the financial year, with revenue growth outperforming original internal expectations. Given the widespread global tension
and uncertainty, H2 26 is very difficult to predict, but
the board remains confident in achieving market expectations for FY26,’ it told shareholders ahead of
its AGM.
‘The group is in a particularly exciting phase of development in its short history. The board is creating
a clear strategy for the next five years to continue
to expand whilst also focused on improved
operating margins.
‘All of the projects previously reported in Glasgow, Leeds, Derby, Newport and East Midlands are on schedule to provide significantly more operational capacity for H2 26 and FY27.
‘The board will meet later [17 June] with key topics being further investment to capitalise on the many opportunities before the group’s businesses across
the UK.’
