Travis Perkins has released a trading update for the three months to 31 March 2026.
The update states that the group has continued to experience challenging trading conditions in the first quarter with revenue down 1.7% on a like-for-like basis.
In the Merchanting segment revenue was down 2.3% on a like-for-like basis as construction activity levels remain subdued. Against this market backdrop these businesses are seen as making progress in passing through manufacturer price increases and delivering further procurement benefits, while continuing to maintain market share in the General Merchant. The network loss of 1.9% reflects the disposal of Staircraft in 2025.
The update reports a solid first quarter for Toolstation UK, with like-for-like revenue growth of 2.6%. The business continues to see maturity benefits from its estate and is delivering further margin growth through the evolution of its range and offer.
Looking forward the group says it remains focused on managing its overheads and identifying further operational efficiencies, whilst ongoing capital discipline and incremental cash generation opportunities are continuing to enhance the Group's financial position.
|
Q1 2026 |
Merchanting |
Toolstation |
Toolstation |
Group |
|
Price and mix |
1.0% |
1.1% |
1.7% |
1.1% |
|
Like-for-like volume |
(3.3)% |
1.5% |
(8.8)% |
(2.8)% |
|
Like-for-like revenue growth |
(2.3)% |
2.6% |
(7.1)% |
(1.7)% |
|
Network changes |
(1.9)% |
0.6% |
0.1% |
(1.4)% |
|
Trading days |
- |
- |
- |
- |
|
Total revenue growth |
(4.2)% |
3.2% |
(7.0)% |
(3.1)% |
