Poor Performance Continues At Kingfisher France

Kingfisher has published third-quarter trading results, covering the three months ended 31st October 2019.

Kingfisher - Other International

France

Total sales -6.2% (LFL -6.1%).

Castorama sales -6.0% (LFL -6.0%) reflecting lower promotional activity and the impact of transformation-related activity. LFL sales of weather-related categories down 10.2%, with milder weather impacting heating sales. LFL sales of non-weather-related categories, including showroom, down 5.2%.

Brico Dépôt sales -6.4%. LFL -6.1% driven by c.-3% impact from reduction in promotional activity (“arrivages”), and milder weather.

Kingfisher expects Castorama to continue to underperform the home improvement market and for ongoing impact from a reduction in promotional activity at Brico Dépôt.

Other International

Poland

Total sales in Poland -0.8% (LFL -3.2%) impacted by the implementation of new ranges and the removal of one further Sunday of trading each month⁽⁴⁾. In addition, a softer market backdrop during the period impacted LFL sales by c.2%. LFL sales of weather-related categories down 2.3%. LFL sales of non-weather-related categories, including showroom, down 3.6%.

Kingfisher anticipates that Poland will continue to be affected by Sunday trading restrictions (three non-trading Sundays from January 2019, previously two; four non-trading Sundays from January 2020); and a softer overall market outlook  

Romania

Total sales in Romania -0.6% (LFL +6.1%) driven by good sales performance of Brico Dépôt stores. Total sales impacted by annualisation of clearance impacts at former Praktiker stores.

View details of B&Q and Screwfix's performance

Learn more about Kingfisher's Group results

Source : Kingfisher 

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