Kingfisher: marginal fall in quarterly sales

(CercleFinance.com) - Kingfisher reports that its sales were £3,262m in Q1 (the three months to 30 April), down 0.
3% on a reported basis, or -0.9% on a like-for-like basis.

Trading in Q1 was in line with our expectations. We have seen resilience in our main product categories, management says.

Kingfisher confirms its forecasts for FY 24/25, with expected pre-tax profits of £490m to £550m, and FCF of £350m to £410m.


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