Kingfisher: Like-For-Like Sales By Month

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 B&Q and Screwfix UK & Ireland results, click here

For Kingfisher International results, click here

Trading since 1 February 2021

As announced on 22 March 2021, the first quarter of the year had started strongly with Q1 21/22 LFL sales (to 18 March 2021)⁽⁹⁾ up 24.2%, with the corresponding 2-year LFL also up 24.2%. The Group's trading remained strong throughout the balance of the first quarter, despite the impact of COVID-related restrictions on our stores in France and Poland. Please refer to the 'Operational status' summary above for further details. 

Overall, Q1 21/22 LFL sales were up 64.2% (2-year LFL up 22.5%). Growth in Q1 was supported by strong demand in the UK and France as well as continued e-commerce sales progress, with 2-year growth of over 250%. Transaction volume and average basket value both grew in the quarter. 

The second quarter has also started positively, with Q2 21/22 LFL sales (to 15 May 2021)⁽⁷⁾ up 8.2% (2-year LFL up 25.0%), reflecting continued strength in the UK and France, and the reopening of stores in Poland. Notwithstanding this good start to the second quarter, we remain mindful of the tough comparable period and continued uncertainty related to COVID. 

LFL sales by month during Q1 (and Q2 to date) 

2-year LFL sales by month during Q1 (and Q2 to date)

Source : Kingfisher PLC

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