Kingfisher half-year profits fall as B&Q sales suffer

BandQ sign

Kingfisher has recorded a fall in profits as the UK registers a ‘disappointing’ sales performance exacerbated by B&Q range changes and weak consumer confidence.

The home & DIY group reported a 12.5% decline in statutory pre-tax profit to £245m in the six months to July 31, down 6.4% to £353m on an underlying basis.

The retail group’s sales fell 0.8% on a constant currency basis to £6bn during the period, down 1.8% in like-for-like terms as strong sales across Screwfix, Poland and Romania were offset by a “disappointing” sales performance in the UK and France.

Subscription content

Please sign in now if you have a subscription

Retail Week

Register to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • 3 free articles a month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.