Travis Perkins Q1 Revenue Down 1.7% Like-for-Like
Summary
Travis Perkins plc, the UK's largest building materials distributor, reported Q1 2026 group revenue down 1.7% on a like-for-like basis. Merchanting segment revenue fell 2.3% as construction activity remained subdued, while Toolstation UK delivered 2.6% like-for-like growth and Toolstation Benelux declined 7.1%. The Group stated it remains focused on managing overheads and identifying further operational efficiencies whilst maintaining capital discipline.
“The Group has continued to experience challenging trading conditions in the first quarter with Group revenue down (1.7)% on a like-for-like basis.”
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What changed
Travis Perkins plc released its Q1 2026 trading update for the three months to 31 March 2026. Group like-for-like revenue declined 1.7%, driven by a 2.3% decrease in the Merchanting segment where construction activity levels remain subdued. Toolstation UK performed positively with 2.6% like-for-like growth, while Toolstation Benelux experienced a 7.1% decline. Total group revenue fell 3.1% including a 1.9% network change from the disposal of Staircraft in 2025.
Public company investors and analysts tracking the UK building materials sector should note that challenging construction market conditions continue to impact the Merchanting business, though Toolstation UK shows resilience through estate maturity benefits and improved margin growth. The announcement represents routine quarterly disclosure obligations for a publicly listed company and does not create new regulatory requirements for market participants.
Archived snapshot
Apr 28, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Go to News Explorer RNS Trading Statement Share this article
Travis Perkins: first quarter trading update
TRAVIS PERKINS PLC Released 07:00:05 28 April 2026 RNS Number : 1043C Travis Perkins PLC 28 April 2026 28 April 2026
Travis Perkins plc, the UK's largest distributor of building materials, announces its first quarter trading update for the three months to
31 March 2026
The Group has continued to experience challenging trading conditions in the first quarter with Group 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 making progress in passing through manufacturer price increases and delivering further procurement benefits, whilst continuing to maintain market share in the General Merchant. The network change of (1.9)% reflects the disposal of Staircraft in 2025.
Toolstation UK had a solid first quarter 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. Toolstation Benelux had a challenging first quarter with like-for-like revenue down (7.1)%.
Looking forward the Group 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
UK | Toolstation
Benelux | Group |
| 1.0% | 1.1% | 1.7% | 1.1% | |
| (3.3)% | 1.5% | (8.8)% | (2.8)% | |
| Like-for-like revenue growth | (2.3)% | 2.6% | (7.1)% | (1.7)% |
| (1.9)% | 0.6% | 0.1% | (1.4)% | |
| - | - | - | - | |
| Total revenue growth | (4.2)% | 3.2% | (7.0)% | (3.1)% |
Enquiries:
| Travis Perkins | | FGS Global |
| Investor Relations | | Faeth Birch / Jenny Davey / James Gray |
| Investor.relations@travisperkins.co.uk | | TravisPerkins@fgsglobal.com |
| +44 (0) 207 251 3801 |
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