Reported 2 days ago
Kingfisher, the parent company of B&Q and Screwfix, announced a 5.9% increase in its UK & Ireland sales for Q1 FY25/26, totaling £1.73bn, driven by favorable weather conditions and strong seasonal sales. The company's overall sales reached £3.31bn, reflecting a reported growth of 1.6%. While B&Q saw a notable 7.4% increase, Screwfix rose by 4.1%. However, Kingfisher faced a decline in sales in France and Poland, attributing some market volatility to geopolitical factors. E-commerce sales also grew, accounting for 20% of total sales, as the company remains focused on strategic growth amidst mixed consumer sentiment.
Source: YAHOO