Kingfisher lifts annual profit guidance after strong first-half
Kingfisher raised full-year profit guidance after reporting a 9.9% increase in first-half profit, citing market-share gains in the UK, Poland and Spain.
Story updates
06:49:49 AM UTC
SquawkNews
The owner of B&Q, Brico Depot and Castorama said it now expects adjusted pre-tax profit of £595m-£635m (previously £565m-£625m) and free cash flow of £480m-£520m (£450m-£510m).Adjusted earnings for the six months to July 31 rose 9.9% to £404m driven by gross margin expansion reflecting higher retai…
06:53:32 AM UTC
SquawkNews
LONDON (dpa-AFX) - Home improvement retailer Kingfisher PLC (KGF.L) reported Tuesday higher profit in its first half of fiscal 2027 with margin expansion, cost control as well as slightly higher sales and like-for-like sales.Looking ahead, the retailer upgraded its fiscal 2027 guidance, raising adj…
9% increase for the first half, as it said it gained market share in the UK, Poland and Spain. The FTSE-100 listed retailer, which owns B&Q and Screwfix in the UK and Castorama and Brico Depot, made the update after the stronger first-half performance.