Kingfisher shares jump on guidance hold, despite Q1 sales fall.
Shares in Kingfisher jumped on Tuesday as the DIY chain owner said it was still on track to meet full-year guidance despite a 0.9% fall in first-quarter sales due to softer markets in the UK and France.
Source: Sharecast
Total sales for the three months to April 30 at the B&Q and Brico Depot owner came in at £3bn. Underlying sales were down 0.7%.
Kingfisher said it expects FY 26/27 adjusted pre-tax earnings of £565m-£625m and free cash flow of £450m-£510m.
The company, which also operates in Poland and Spain, said a late start to spring had impacted footfall and seasonal demand, although online and trade sales both delivered double-digit growth.
Screwfix UK like-for-like sales rose 4.1%. However B&Q fell 4.1%, reflecting a tough comparative number with last year.
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