Proactive Investors
26 May 2026, 06:38 UTC · 2h ago
Kingfisher sales shrink in wet weather but 'on track' for full year
Source · https://www.proactiveinvestors.co.uk/companies/news/1092853
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Proactive Investors
26 May 2026, 06:38 UTC · 2h ago
Source · https://www.proactiveinvestors.co.uk/companies/news/1092853
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Story key points
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Kingfisher PLC reiterated its full-year adjusted pre-tax profit guidance of £565-625 million for the year ending January 2027. — Reconfirming guidance despite a soft start to the year provides stability and reduces the risk of a negative earnings surprise.
+0.30Kingfisher's underlying like-for-like sales decreased by 0.7% in the first quarter ending April 30. — A decline in like-for-like sales indicates weakening consumer demand in the core DIY retail market.
-0.20Screwfix reported a 4.1% increase in like-for-like sales, while B&Q sales fell by 4.1%. — The strong performance of the trade-focused Screwfix helps offset the weather-driven weakness in B&Q's consumer retail segment.
+0.10Kingfisher's French operations saw like-for-like sales decline by 2.1% due to higher savings rates and a subdued home improvement market. — This highlights macroeconomic headwinds in one of the company's key European markets.
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Model heads
Positive news regarding a portfolio company, Dekiln, partnering with Johnson Tiles to scale its bio-based product.
Mixed results with shrinking Q1 sales and poor weather impact, offset by Screwfix growth and confirmation of full-year guidance.
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