B&Q & Screwfix See Significant Increase In Q1 Sales

Kingfisher plc has published a Q1 trading update to 30 April 2021, advising of sales of £3.4 billion; LFL⁽¹⁾ up 64% and 2-year LFL⁽²⁾ up 23%. 

For the full Group results, click here

For Kingfisher Group like-for-like performance by month in Q1 and Q2 (to date), click here

For Kingfisher International results, click here

UK & IRELAND

Total sales +66.8% (LFL +65.0%; 2-year LFL +38.6%). Continuing to grow sales ahead of the market.

B&Q sales +82.7%. LFL +81.9% (2-year LFL +42.3%) reflecting strong demand in all categories against weak comparatives due to prior year temporary store closures. LFL sales of weather-related categories were up 129%. LFL sales of non-weather-related categories, including showroom, were up 66%.

B&Q's trade-focused banner, TradePoint, continued to improve engagement with tradespeople, with LFL sales up 83% and 2-year LFL sales up 43%.

B&Q's new own exclusive brand (OEB) kitchen range continues to perform well, and we are encouraged by the uptake of our newly introduced installation services.

Four new compact stores were opened during Q1, including two store-in-store concessions within ASDA stores.

Screwfix sales +42.5%. LFL +39.0% (2-year LFL +32.5%) reflecting continued strong momentum from trade customers.

The business continued to strengthen its digital proposition, including launching an upgraded mobile app which has been very well received by customers, with mobile remaining the dominant channel of ordering online.

During Q1, five new stores were opened in the UK. 

Source : Kingfisher PLC

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