Kingfisher guidance unchanged despite profits and sales slump


Home and DIY giant Kingfisher has insisted that its full year guidance remains unchaged despite profits and sales falling in the first half.

For the six months to July 31, 2022, the owner of B&Q and Screwfix reported a 4.1% fall in group sales to £6.8bn, while gross profits slipped 7.4% to £2.4bn. Statutory pre-tax profits slumped 30% to £474m, and operating profit fell 29.1% to £531m.

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