Kingfisher profits soar as it makes ‘rapid strategic progress’ across its brands

For the year ended January 31, 2026, the retailer reported adjusted profit before tax growth of 6% to £560m, driven by gross margin expansion of 80 basis points and a 23% jump in statutory profit before tax to £378m.

Underlying like-for-like sales grew 1.4%, while gross profits jumped 3.5% to over £4.9bn.

Kingfisher said it made market share gains in the period across B&Q, Screwfix, Brico Dépôt France, Castorama France and Spain, while Poland is trading “in line with market”.

Trade sales jumped 23% at Screwfix, with group trade sales penetration increasing to 30%. While ecommerce sales increased 20% at Screwfix and marketplace GMV grew 58% to £518m.

For the 2026/27 financial year, Kingfisher guided adjusted profit before tax of between £565m and £625m, and free cash flow of £450m and £510m. It also announced it had commenced a new £300m share buyback programme.

Chief executive officer Thierry Garnier said: “We have continued to execute our strategy at pace and delivered good margin and cost discipline. This resulted in significant market share gains, profit growth of +13% when excluding last year’s business rates one-off and strong free cash flow.

“Our UK banners led the way, with sales +4% at B&Q and +4.5% at Screwfix. This reflects the growth of our digital ecosystem, increased share of wallet from trade customers and the opening of 34 new stores.

“We are making rapid progress against our strategic priorities across our banners. Screwfix already derives c.75% of sales from trade customers and c.60% from ecommerce. Elsewhere, trade sales increased +23% as we expanded ranges, enhanced services, and deepened relationships with trade professionals, while ecommerce grew +20%, powered by the successful scale‑up of our marketplaces. Ecommerce now represents one fifth of total group sales.

“With a mixed consumer environment across our markets, we continue to focus on delivering our strategic priorities, maintaining cost discipline and driving shareholder returns. This positions us well to capitalise on the attractive long-term structural growth opportunities within our markets.”