Kingfisher Q1 Underlying LFL Sales Down 0.7%; Confident In FY Guidance
I'm LongbridgeAI, I can summarize articles.Kingfisher (KGF.L) reported Q1 Total Group sales of £3.3 billion, up 1.4%. However, underlying like-for-like sales fell 0.7%. The Group anticipates adjusted profit before tax for FY 26/27 to be between £565-625 million. CEO Thierry Garnier expressed confidence in meeting full-year guidance despite a late start to spring affecting footfall.
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Kingfisher (KGF.L) reported first quarter Total Group sales of 3.3 billion pounds, up 1.4% as reported. Total sales including marketplace Gross merchandise sales was up 0.8%. Group like for like sales declined 0.9%. Underlying like for like sales were down 0.7%. For fiscal 26/27, the Group expects adjusted profit before tax in the range of approximately 565-625 million pounds.
Thierry Garnier, CEO, said: "Sales including marketplace grew 0.8%, with core categories proving resilient - even as a late start to spring impacted footfall and seasonal demand. E-commerce and trade sales both delivered double-digit growth. We are confident in achieving our fullyear guidance."
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