Kingfisher Raises Full-Year Guidance Following Strong First-Half Profit Growth
UK-based home improvement retailer Kingfisher has increased its full-year guidance for the fiscal year ending July 2027 after reporting a significant rise in first-half profits. The company reported statutory post-tax profit of £290m, up 22.6%, and adjusted pre-tax profit rose by 9.9% to £404m. Operating profit climbed 17.6% year-on-year to £449m, driven by improved gross margins and strategic initiatives such as retail media expansion. Kingfisher now expects adjusted pre-tax profit of between £595m-£635m for the full fiscal year, up from its previous guidance range of £565m-£625m. Free cash flow projections were also raised to £480m-£520m. The company cited strong performance across key markets including the UK and Ireland, France, and Poland as contributing factors. CEO Thierry Garnier attributed the results to strategic progress and financial discipline despite a mixed consumer environment.
Topics: guidance_update profit_growth retail