Kingfisher (KGF)

Sector:

Retailers

Index:

FTSE 100

278.10p
   
  • Change Today:
    -0.90p
  • 52 Week High: 334.60p
  • 52 Week Low: 203.00p
  • Currency: UK Pounds
  • Shares Issued: 1,940.03m
  • Volume: 4,446,065
  • Market Cap: £5,395m
  • RiskGrade: 158

Kingfisher Q3 sales surge on booming lockdown DIY demand

By Frank Prenesti

Date: Thursday 19 Nov 2020

LONDON (ShareCast) - (Sharecast News) - B&Q owner Kingfisher reported a strong rise in third quarter sales driven by online demand as consumers spent the coronavirus lockdown improving their homes.
The company on Thursday said total like-for-like sales for the three months to October 31 rose 17.4% to £3.46bn. Online sales soared 153% and now represented 17% of total group sales compared with 8% last year.

"While the strength of our Q3 performance was reassuring, uncertainty over COVID-19 and the impact of temporary lockdown restrictions in most of our markets continue to limit our near-term visibility," the company said in a trading update.

Like-for-like sales were up 12.6% in the fourth quarter to November 14, largely reflecting the impact of more recent lockdown measures.

Kingfisher also forecast that full year adjusted pre-tax profit would include £175m in temporary cost savings.

The company, which also runs Screwfix in the UK along with Castorama and Brico Depot in France, said all of its stores remain open to customers despite lockdown measures, due to their essential status.

UK sales rose 21.5% during the period, with B&Q posting 23.9% revenue growth as it saw particularly strong sales for outdoor products. Meanwhile, Screwfix delivered 17.4% growth as it continued to have solid sales with trade customers.

"Our growth was supported by strong market demand, as consumers spent more time in their homes and focused on improving them," said Kingfisher chief executive Thierry Garnier.

"Overall, we believe that the renewed focus on homes is supportive for our markets. "Furthermore, we are confident that the strategic and operational actions we have taken so far are helping us to build a strong foundation for long-term growth."

Interactive investor analyst Richard Hunter said Kingfisher shares have "had an interesting year" as demotion from the FTSE100 in March was immediately reversed with promoition to the premier index in June.

"Since the March low, the shares have spiked by 141% and are now ahead by 38% in the year to date," he said.

"Indeed, over the last year, the outperformance of the share price is significant, with a rise of 43% comparing to a decline of 13% for the wider FTSE100. Quite apart from the challenges which may be yet to come, the strong performance has led to the question of whether the shares are now up with events, as evidenced by some initial profit taking in early trade, such that the market consensus of the shares remains at a 'hold'."





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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Kingfisher Market Data

Currency UK Pounds
Share Price 278.10p
Change Today -0.90p
% Change -0.32 %
52 Week High 334.60p
52 Week Low 203.00p
Volume 4,446,065
Shares Issued 1,940.03m
Market Cap £5,395m
RiskGrade 158

Kingfisher Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.57% above the market average17.57% above the market average17.57% above the market average17.57% above the market average17.57% above the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Price Trend
32.69% above the market average32.69% above the market average32.69% above the market average32.69% above the market average32.69% above the market average
30.43% above the sector average30.43% above the sector average30.43% above the sector average30.43% above the sector average30.43% above the sector average
Income
67.22% above the market average67.22% above the market average67.22% above the market average67.22% above the market average67.22% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Growth
38.60% above the market average38.60% above the market average38.60% above the market average38.60% above the market average38.60% above the market average
4.55% above the sector average4.55% above the sector average4.55% above the sector average4.55% above the sector average4.55% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 10
Sell 5
Strong Sell 2
Total 18
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Kingfisher Dividends

  Latest Previous
  Interim Final
Ex-Div 06-Oct-22 19-May-22
Paid 11-Nov-22 27-Jun-22
Amount 3.80p 8.60p

Trades for 01-Feb-2023

Time Volume / Share Price
16:45 550 @ 279.00p
16:45 550 @ 279.00p
16:35 2,839,376 @ 278.10p
16:35 15,699 @ 278.10p
16:35 1,750 @ 278.10p

Kingfisher Key Personnel

Chair Andrew Cosslett
CEO Thierry Garnier
CFO Bernard Bot

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