Kingfisher (KGF)

Sector:

Retailers

Index:

FTSE 100

249.40p
   
  • Change Today:
      3.40p
  • 52 Week High: 262.60
  • 52 Week Low: 201.20
  • Currency: UK Pounds
  • Shares Issued: 1,874.40m
  • Volume: 5,642,429
  • Market Cap: £4,674.76m
  • RiskGrade: 158

Kingfisher trims full-year profit outlook

By Abigail Townsend

Date: Thursday 24 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Kingfisher trimmed full-year profit guidance on Thursday, despite an improvement in third-quarter sales amid strong demand for energy efficiency products.
The retailer, which owns B&Q and Screwfix, said underlying group sales rose 1.7% to £3.26bn, or 0.2% on a like-for-like basis.

Within that, sales fell by 2.3% in the UK, its biggest market, to £1.55bn, and nudged ahead just 0.5% in France, where Kingfisher owns Castorama and Brico Depot, to £1.1bn. Elsewhere overseas, sales rose 6.7% to £621m.

The group said trading in the UK and Ireland had been adversely impacted by both the abnormally warm weather in October and the state funeral of Queen Elizabeth II, when stores were closed. Like-for-like sales at B&Q fell 3.5%, and eased 0.5% at Screwfix.

In France, sales were dented by similarly warm weather as well as industrial action at petrol stations, which hit footfall.

Kingfisher said the fourth quarter had started well, with underlying sales ahead 2.8% in the three weeks to 19 November.

But it conceded there was "a backdrop of heightened macroeconomic uncertainty", and trimmed its forecast for full-year adjusted pre-tax profits to between £730m and £760m, from previous guidance of between £730m and £770m.

Thierry Garnier, chief executive, said: "Our sales trends continued to be resilient, with like-for-like sales 15.3% ahead of pre-pandemic levels in the quarter.

"While the market backdrop remains challenging, DIY sales continue to be supported by new industry trends such as more working from home and a clear step-up in customer investment in energy saving and efficiency.

"While we continue to vigilant against macroeconomic uncertainty, we remain confidence in both the resilience of our industry and in continuing to grow ahead of markets."

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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 249.40p
Change Today 3.40p
% Change 1.38 %
52 Week High 262.60
52 Week Low 201.20
Volume 5,642,429
Shares Issued 1,874.40m
Market Cap £4,674.76m
RiskGrade 158

Kingfisher Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.18% above the market average92.18% above the market average92.18% above the market average92.18% above the market average92.18% above the market average
94.74% above the sector average94.74% above the sector average94.74% above the sector average94.74% above the sector average94.74% above the sector average
Price Trend
24.80% above the market average24.80% above the market average24.80% above the market average24.80% above the market average24.80% above the market average
31.71% above the sector average31.71% above the sector average31.71% above the sector average31.71% above the sector average31.71% above the sector average
Income
72.47% above the market average72.47% above the market average72.47% above the market average72.47% above the market average72.47% above the market average
44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average
Growth
93.76% below the market average93.76% below the market average93.76% below the market average93.76% below the market average93.76% below the market average
70% below the sector average70% below the sector average70% below the sector average70% below the sector average70% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 7
Sell 5
Strong Sell 1
Total 16
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
  Final Interim
Ex-Div 16-May-24 12-Oct-23
Paid 25-Jun-24 17-Nov-23
Amount 8.60p 3.80p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 3,514,010 @ 249.40p
16:35 1,110 @ 249.40p
16:35 38,559 @ 249.40p
16:35 24,732 @ 249.40p
16:35 3,376 @ 249.40p

Kingfisher Key Personnel

Chair Andrew Cosslett
CEO Thierry Garnier
CFO Bernard Bot

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