25th Nov 2025 09:31
(Alliance News) - Kingfisher PLC on Tuesday raised guidance for the second time in three months boosted by sales growth in the UK & Ireland despite budget uncertainty.
"We delivered another quarter of high quality, volume-led growth, driven by our group strategic initiatives in e-commerce and trade and by our performance in core and 'big-ticket' categories. B&Q, Screwfix and Iberia continue to strongly outperform their markets," said Chief Executive Thierry Garnier.
The London-based do-it-yourself and home improvement retailer owns the B&Q, Screwfix, Castorama and Brico Depot brands France, Poland and the UK.
Kingfisher now expects full-year adjusted pretax profit between GBP540 million to GBP570 million.
In September, Kingfisher upgraded profit its outlook to the "upper end" of the previously guided range of GBP480 million to GBP540 million.
In response, shares in Kingfisher rose 5.1% to 307.30 pence each in London on Tuesday morning.
Sales climbed 1.0% on-year to GBP3.25 billion in the third quarter ended October 31, but fell 0.8% on a constant currency basis.
Like-for-like sales rose 0.9% at constant currency, Kingfisher reported.
Year-to-date sales are up 0.9% to GBP10.06 billion, improving 0.4% at constant currency and 1.2% like-for-like, also at constant currency.
When excluding calendar impacts, year-to-date sales are up 0.8% at constant currency and 1.6% like-for-like.
Like-for-for sales rose 3.0% at constant currency in the UK & Ireland in the quarter, with B&Q up 2.8% and Screwfix up 3.3%.
Kingfisher said it continues to be "mindful of inflation, uncertainty ahead of the autumn budget and the softening labour market."
LFL sales fell 2.5% in France, impacted by weak consumer sentiment, an uncertain political environment, and national strike action in the quarter, and by 1.3% in Poland, with the quarter weaker than expected.
By Jeremy Cutler, Alliance News reporter
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