Kingfisher Raises Full-Year Profit Guidance Amid Strong Performance from Screwfix
Kingfisher, the UK-based home-improvement retailer, raised its full-year profit guidance following a stronger-than-expected first half. Adjusted pretax profits rose by nearly 10% to £404 million in the six months ending July 2026, driven largely by strong performance at Screwfix and improved cost control. Screwfix was the standout performer with like-for-like sales rising 5.6%, supported by increased trade customer spending and market share gains. Trade customers now account for 74% of its sales, offering more stable demand compared to discretionary consumer purchases. Digital engagement also played a key role, with e-commerce penetration reaching 60%. Kingfisher's broader digital strategy saw group online sales excluding Screwfix rise by 16%, and marketplace gross merchandise value jumped 42%. Despite uneven trading in some markets—particularly France—the company remains optimistic about its outlook. Management now expects adjusted pretax profit of £595 million to £635 million for the full year, up from previous guidance.
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Topics: e-commerce profit guidance sales growth Screwfix performance