Kingfisher (KGF)

Sector:

Retailers

Index:

FTSE 100

241.30p
   
  • Change Today:
      2.00p
  • 52 Week High: 356.00p
  • 52 Week Low: 203.00p
  • Currency: UK Pounds
  • Shares Issued: 1,950.46m
  • Volume: 991,842
  • Market Cap: £4,706.47m
  • RiskGrade: 158

Kingfisher results set for top of guidance

By Sean Farrell

Date: Friday 19 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Kingfisher said its annual results would be near the top of guidance after a strong third quarter for the DIY retailer.
Total sales fell 6.3% to £3.25bn in the three months to the end of October from a year earlier and were down 2.4% on a like-for-like basis at constant currency. On that basis, sales were 15% higher than two years earlier, before the Covid-19 lockdown boosted sales of home improvement products.

Total sales in the UK and Ireland, where Kingfisher owns B&Q and Screwfix, fell 2.1% from a year earlier and sales in France fell 9.5%. Fourth-quarter sales to 13 November rose 13.2% from two years earlier or 0.4% like-for-like.

The FTSE 100 company said second-half like-for-like sales growth would be towards the higher end of its -7% to -3% guidance. Annual adjusted pretax profit will be near the higher end of its previous guidance for £910 million to £950 million, the company said.

Thierry Garnier, Kingfisher's chief executive, said: "Kingfisher has delivered another successful quarter, with strong growth across both retail and trade channels, and across all categories. We have entered our final quarter with positive momentum and now expect sales and profits to be towards the higher end of our previously guided ranges."

Sales of DIY and homewares have boomed during the pandemic as households have adapted to home working, spent more on their habitat and moved house. Garnier said consumer spending was normalising but that supportive trends would continue.

Keith Bowman, an analyst at Interactive Investor, said: "Against a backdrop of tough 2020 comparatives, Kingfisher has reported a steady if not blowout third-quarter trading update."

Kingfisher shares fell 4.8% to 320.88p at 08:59 GMT.

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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 241.30p
Change Today 2.00p
% Change 0.84 %
52 Week High 356.00p
52 Week Low 203.00p
Volume 991,842
Shares Issued 1,950.46m
Market Cap £4,706.47m
RiskGrade 158

Kingfisher Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
27.48% above the market average27.48% above the market average27.48% above the market average27.48% above the market average27.48% above the market average
6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average
Price Trend
18.19% below the market average18.19% below the market average18.19% below the market average18.19% below the market average18.19% below the market average
40.43% above the sector average40.43% above the sector average40.43% above the sector average40.43% above the sector average40.43% above the sector average
Income
73.44% above the market average73.44% above the market average73.44% above the market average73.44% above the market average73.44% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average
Growth
42.22% above the market average42.22% above the market average42.22% above the market average42.22% above the market average42.22% above the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 10
Sell 5
Strong Sell 2
Total 19
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 09-Dec-2022

Time Volume / Share Price
13:10 1,076 @ 241.30p
13:10 2,162 @ 241.30p
13:10 958 @ 241.30p
13:09 36 @ 241.40p
13:09 110 @ 241.40p

Kingfisher Key Personnel

Chair Andrew Cosslett
CEO Thierry Garnier
CFO Bernard Bot

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