DIY Week – Breaking News: Kingfisher issues Q4 pre-close trading update

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Kingfisher issues Q4 pre-close trading update

Kingfisher plc has released an update on its Q4 trading to date.
Q4 trading to 9 January

As announced on 19 November 2020, Kingfisher’s Q3 20/21 Group LFL(1) sales were up 17.4%, while Q4 20/21 Group LFL sales (to 14 November)(2) were up 12.6%.

Since then, Kingfisher has continued to experience strong demand across its markets with Q4 20/21 Group LFL sales (to 9 January 2021)(3) up 16.9%. Financial year to date (1 February 2020 to 9 January 2021), Group LFL sales are up 6.5%.

Based on trading to date, the Group is comfortable with the top end of the range of current sell-side analyst estimates(4) for FY 20/21 adjusted profit before tax.

Operational status

While our c.1,380 stores remain open for in-store purchasing and click & collect, under strict social distancing and safety protocols, recent restrictions imposed within the United Kingdom and Republic of Ireland mean that some discrete areas of certain B&Q stores have been temporarily closed. For further detail on this and the current...

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