Travis Perkins lowers 2024 profit guidance due to 5.7% Q3 revenue decline and 6.8% like-for-like drop.

Travis Perkins, a UK building materials supplier, has revised its 2024 profit guidance following a 5.7% revenue decline in Q3, with like-for-like revenue down 6.8%. The merchanting division saw an 8.2% drop, largely due to market share losses. New CEO Pete Redfern is prioritizing cost management, branch performance, and preparing for a potential recovery in the construction market, while Toolstation reported growth amid these challenges.

October 24, 2024
6 Articles