JEF Price Tracker: WIX

研报英文原文证据摘录

JEF Price Tracker: WIX

UK | Retailers

Wickes Group PLC EquityJuneResearch12, 2026

FLASH NOTEJEF Price Tracker: WIX

In our JEF Price Tracker series, we take a closer look at the pricing position RATING BUY

of stocks in our coverage universe. Based on proprietary basket analyses, PRICE 175.80p^

we assess price, competitive positioning, and inflation trends. We also PRICE TARGET | % TO PT 264.00p | +50%

summarise our thoughts on the equity investment case. 52W HIGH-LOW 255p - 169p

FLOAT (%) | ADV MM (USD) 92.1% | 1.97

See our latest JEF Price Tracker notes on: MOON, THG, KGF, GAW, GRG, MARKET CAP £412.7M | $550.2M

PETS, BME, and AO. TICKER WIX LN

^Prior trading day's closing price unless otherwise

Wickes remains cheaper, while B&Q improves its service proposition. Our updated Wickes noted.

basket, spanning both branded and own-label lines, indicates pricing at c.-2% versus B&Q at a

headline level. As in our prior review, the differential widens once trade discounts and delivery

charges are included, with Wickes now c.-6% cheaper on an all-in basis, broadly consistent

with earlier findings. Across the sample, Wickes continues to lead on fulfilment, with c.90% of

products available for Click & Collect within 15 minutes and majority access to next-day and

three-hour delivery options, albeit at slightly higher price points (now £5 and £11, respectively,

vs £4 and £10 previously). Interestingly, B&Q has improved its service proposition, with 15-

minute Click & Collect now available on c.70% of the basket, a material step-up versus our last

survey; however, most items remain on a 3–6 day delivery window.

Weather-related challenges across the Home sector. We revisit Wickes following a

challenging period of trading: the Q1 update (see here) highlighted weather-driven weakness,