Profit of £10.5m and Sales Rise to £1.47bn
- Norton Group Holdings returns to profit after Homebase rescue deal
- Pre-tax profit of £10.5m for the year to February 2026
- Sales rise from £1.29bn to £1.47bn
- Acquired 53 Homebase outlets expected to contribute hundreds of millions in sales this year
- Integration costs and poor summer weather impacted profits
- Wilko website boosts sales by £60m, The Range’s website by £10m
Norton Group Holdings, the owner of The Range and Wilko, has returned to profitability following its acquisition of part of Homebase. The company recorded a pre-tax profit of £10.5 million for the year ending February 2026 after a previous loss of £14 million. Sales increased from £1.29 billion to £1.47 billion. The results come after Norton Group Holdings acquired 53 Homebase outlets, which are expected to contribute significantly to sales this financial year. Despite integration costs and poor summer weather affecting patio and outdoor living ranges, the company’s revenue grew, with Wilko’s website boosting sales by £60 million and The Range’s website by £10 million.
Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about the company’s financial performance, including profits, sales growth, and challenges faced by the business. It also includes relevant details about the acquisition of Homebase stores and the impact of poor summer weather on sales. The article does not contain any sensationalism or personal opinions presented as facts.
Noise Level: 6
Noise Justification: The article provides some relevant information about the company’s financial performance and its acquisition of Homebase stores, but it also contains repetitive information and lacks in-depth analysis or actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: Norton Group Holdings, The Range, and Homebase
Financial Rating Justification: The article discusses the financial performance of Norton Group Holdings, which owns The Range and Wilko, as it returned to profitability after acquiring part of Homebase. It mentions the impact of the acquisition on sales and revenue growth, as well as challenges faced by the group such as increasing costs of goods and National Living Wage. This information is relevant for investors and stakeholders in these companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text.
