Builders merchant Travis Perkins has seen merchant sales rise by 7.8% for the first nine months of 2010, an interim statement said today.
Like-for-like turnover per trading day was up by 7.1%; in the third quarter this had risen to 10.3%. Gross margins for the third quarter were slightly below last year. Group turnover was up 6%.
Total turnover for the period in the general merchanting was up 7.3% with like-for-like turnover per trading day up 6.5%. The specialist merchanting business fared better, seeing total turnover increase by 8.7% with like-for-like turnover per trading day up by 8.2%.
In Wickes total turnover for the 39 week trading period to October 2 was up 2.1%; like-for-like turnover per trading day was down by 0.1%, with core products down by 2.8%, but showroom sales up by 11.9 %. However, the last thirteen weeks have seen relatively weaker trends in big ticket purchases.
The statement says that trading for the last three months is in line with expectations.
There is no further news on the group’s proposed acquisition of the BSS Group, which has been delayed due to further investigations by the Office of Fair Trading.