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Kingfisher sales dip in Q1 due to weather but remains on track for full-year profit guidance

Market News
26 May 2026
Proactive Investors
View Source
Neutral
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Kingfisher PLC reported a 0.7% decline in underlying like-for-like sales for the first quarter ending April 30, impacted by poor weather and a late spring affecting footfall and seasonal demand. Despite this, total sales rose 1.4% to £3.3 billion, with Screwfix outperforming and gaining market share in the UK and Ireland. Trade and online sales also showed strong growth. The company reaffirmed its full-year adjusted pre-tax profit guidance of £565-625 million, signaling confidence in its strategy and market position amid challenging conditions.

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