Overview
- Kingfisher now guides for full-year adjusted pre-tax profit of £540–£570 million, up from a prior £480–£520 million range.
- Group like-for-like revenue rose 0.9% to £3.25 billion in the quarter to October 31, with UK and Ireland up 3% to £1.69 billion.
- Trade sales grew 12.1% and e-commerce rose 10.2%, as B&Q, Screwfix and Iberia outperformed their markets.
- Shares gained about 5% in early trading after the update.
- Management flagged softer conditions in the UK and Poland and ongoing weakness in France, while analysts cited macro risks and highlighted progress on cost discipline and the £300 million buyback, of which £175 million is completed.