Kingfisher's Mixed Results: UK Thrives, Abroad Lags

Kingfisher, the parent company of B and Q and Screwfix, posted mixed results with robust UK growth but declines in international markets. UK store sales surged over 3%, while overall group revenue inched up 0.2%. Adjusted pre-tax profit reached £560 million, a 6% increase from last year and in line with expectations. However, France and Poland experienced sales drops, and big kitchen projects saw a decline due to tighter budgets. The company opened 37 new stores and closed 8, with Screwfix leading the expansion. Kingfisher launched a £300 million share buyback, betting on steady UK demand from aging homes and the spring DIY boom. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f5b6f974492d1923