Travis Perkins: Q3 2020 trading update - continued recovery
This has been driven by a strong recovery in demand across domestic RMI markets, benefitting the Travis Perkins, City Plumbing, Wickes and Toolstation businesses who serve these markets.
- This has been driven by a strong recovery in demand across domestic RMI markets, benefitting the Travis Perkins, City Plumbing, Wickes and Toolstation businesses who serve these markets.
- Whilst local trade activity has recovered well, our trade businesses continue to experience a lag in recovery from larger housebuilding and construction projects.
- Like-for-like sales grew by 3.9% in Q3, although total Group sales declined by 3.4%, reflecting branch closures since June.
- The progression of sales recovery has continued throughout Q3, particularly in the trade focused businesses.