Kingfisher PLC (KGF.L), a British home improvement company, on Tuesday recorded an increase in sales for the third quarter. In addition, the retailer has revised up its annual adjusted profit before tax guidance.
Thierry Garnier, CEO of Kingfisher, said: "We delivered another quarter of high quality, volume-led growth, driven by our Group strategic initiatives in e-commerce and trade and by our performance in core and 'big-ticket' categories. B&Q, Screwfix and Iberia continue to strongly outperform their markets. Our performance to date and progress in our strategic initiatives give us the confidence to upgrade our full year profit guidance."
For the third quarter, the company posted sales of GBP 3.252 billion, up 1% from last year. On like-for-like basis, sales grew by 0.9%.
Looking ahead, for the full year, the company now expects adjusted pre-tax income of GBP 540 million to GBP 570 million, compared with the earlier guidance of GBP 480 million to GBP 540 million.
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.