Home and DIY giant Kingfisher has reported soaring profits and sales in the last year, with chief executive Thierry Garnier confident of its “continued outperformance” of the market.
For the year ended January 31, 2021, Kingfisher reported that adjusted pre-tax profits were up 44.4% to £786m, while sales ballooned 7.2% to £12.3bn.
In the UK and Ireland, like-for-like sales at B&Q for the year finished 10.7% up. Screwfix reported a 6.6% increase in like-for-like sales for the period.
Please sign in now if you have a subscription or are already registered with us.
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:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.