Howden Joinery Group plc (LON:HWDN), the UK’s largest specialist trade kitchen and joinery supplier, has announced a trading update for the first four periods of 2026 (16 weeks to 18 April 2026).
Current trading
| Underlying1 revenue growth versus 2025 (%) | UK | International3 | Group |
| Total– Periods 1 to 4 | +3.5% | +9.1% | +3.7% |
| Same depot basis2 | |||
| – Periods 1 to 4 | +2.6% | +7.9% | +2.8% |
1 To aid comparison, underlying performance is adjusted for two fewer trading days in P1-4 vs 2025, worth c. £11m.
2 Same depot basis excludes new depots opened in 2025 and 2026 and closed depots.
3 International comprises Howdens’ depots in France, Belgium and the Republic of Ireland.
Overall, underlying Group sales were 3.7% ahead of the prior year and 2.8% ahead on a same depot basis. Underlying UK sales were 3.5% ahead of the prior year and 2.6% ahead on a same depot basis and International was 9.1% ahead and 7.9% on a same depot basis, against very strong prior year comparators. There were two fewer trading days in Periods 1-4 2026 than in the prior year. We successfully implemented price increases across all geographies at the start of the year, as we continue to optimise the balance between margin and volume.
Howdens’ supply chain remains robust despite the ongoing instability in the Middle East and our near-sourced, vertically integrated business model is resilient across all macro-economic conditions. We are maintaining very good ongoing stock availability to support our trade customers to secure and deliver work, and we have hedged fuel expenses through to the end of the year. We will continue to stay vigilant in the current environment, keeping a sharp focus on productivity, efficiency and disciplined cost control.
Business developments
As outlined with the Full Year results, we expect to invest around £30m in our strategic initiatives this year to support future growth. We plan to open around 25 new depots in the UK, and 5 in the Republic of Ireland during 2026, in addition to refurbishing around 45 older UK depots. We are making good progress with new product introductions for 2026, including 24 new kitchens, and ongoing investment in our manufacturing and supply chain capabilities, including the expansion of the Runcorn manufacturing facility which is progressing as planned.
Outlook
The Group has traded well in the first four periods of 2026, and we continue to invest in our in-stock, trade-only, local business model. We are mindful that it is still early in the financial year and our sales are weighted towards the second half, given our Autumn peak trading period. We remain confident in our differentiated business model and we are on track with the outlook for 2026.
Next scheduled announcement
Howdens will release its Half Year results on 23 July 2026.
