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B&Q Owner Kingfisher Raises Profit Outlook Despite Sales Dip

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Economics
Business

B&Q Owner Kingfisher Raises Profit Outlook Despite Sales Dip

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  • Reuters
  • Guardian news
  • WSJ Business News

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Kingfisher, the owner of B&Q, has raised the lower end of its profit outlook despite experiencing a dip in sales. The company reported weak demand for kitchens and bathrooms, which has led to a tightening of its guidance. Kingfisher's profits have slightly increased, although sales have slipped across several markets. The improvement in the housing market and improving sales trends have contributed to the company's decision to adjust its profit guidance.

Sources

    Neil Saunders
    Neil SaundersTwitter verified badge
    @NeilRetail

    🇬🇧 B&Q owner Kingfisher reports weak demand for kitchens and bathrooms https://t.co/Lj3AGH9bkf

    Neil Saunders
    Neil SaundersTwitter verified badge
    @NeilRetail

    🇬🇧 Kingfisher sales have slipped across several markets https://t.co/pu0SNlOUwQ

    Neil Saunders
    Neil SaundersTwitter verified badge
    @NeilRetail

    🇬🇧 B&Q owner Kingfisher profits nudge up despite 'weak' big ticket sales https://t.co/TMxULfNzyH

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    B&Q Owner Kingfisher Adjusts Lower End of Profit Guidance Despite Sales Decline
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    B&Q Owner Kingfisher Raises Profit Outlook Despite Sales Dip
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