Strong Q1 for Kingfisher in UK & Ireland


Strong Q1 for Kingfisher in UK & Ireland

Kingfisher has posted revenues of £1.568bn for its first quarter to 30 April ‘ 22, for the UK & Ireland. Of the total generated, B&Q contributed £996m and Screwfix £572m. 16 per cent of group sales were online and the business says it had good product availability which approached pre-pandemic levels.

Thierry Garnier, CEO, Kingfisher said: “Kingfisher has delivered a good first quarter of trading, with LFL sales 16.2 per cent ahead of our pre-pandemic performance. While facing very strong comparatives in the prior year, our continued strategic progress has enabled us to retain a significant proportion of the increased sales during the pandemic.

“Looking forward, we are reiterating our profit guidance for FY22/23. We are focused on delivering on our strategic objectives and growth initiatives, including the growth of our scalable eCommerce marketplace, the expansion of Screwfix in the UK and France, new store openings in Poland, further increasing our trade customer base.”

 

 

 

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