Kingfisher raises FY profit guidance following stronger first-half results
Kingfisher (KGFHF) shares rose by 9% in London trading after the company raised its full-year profit guidance. The increase follows a strong performance in the first half of the fiscal year, with adjusted pre-tax profits rising to £404 million—a 9.9% increase compared to the previous period. The improved results were driven by underlying like-for-like sales growth and better-than-expected operational performance across its B&Q and Screwfix retail chains in Europe. The company attributed part of this success to effective cost management, strong customer demand for home improvement products, and a favorable market environment. Analysts noted that the profit guidance upgrade signals confidence from Kingfisher’s leadership regarding continued momentum through the remainder of the fiscal year.
Topics: earnings profit guidance retail