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4w ago

Kingfisher Q1 Sales Rise on UK DIY Boom Despite European Slump

Management has reaffirmed full-year targets following robust UK DIY sales driven by warm weather despite ongoing challenges in France and Poland.

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Sales in its first quarter were led by a 12.6 per cent surge in seasonal ranges boosted by the warmer spring weather, which offset softer demand in other parts of the business
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Overview

  • Kingfisher’s first-quarter sales climbed 1.8% to £3.31 billion, led by a 7.4% rise at B&Q and a 4.1% gain at Screwfix.
  • Warm weather boosted UK and Ireland like-for-like sales by 5.9%, with seasonal ranges accounting for 21% of group turnover.
  • The company noted that part of the strong sales growth was likely pulled forward from second-quarter trading.
  • Like-for-like sales in France dipped by around 3%, and Poland fell 3.2%, with the latter decline linked to geopolitical headwinds.
  • Kingfisher reaffirmed its full-year guidance and expects little direct impact from global tariff shifts thanks to its local European sourcing model.