Screwfix reports strong LFL sales in Q2

Kingfisher has reported on Q2 trading and, once again, Screwfix has proved the jewel in the Kingfisher crown, achieving double-digit total sales growth.

Total sales reached £407m, an increase of 11.8%, with like-for-like sales increase of 5.5%.

Twelve new branches opened during the quarter.

In Germany, Screwfix reported sales of £3m, with LFL sales increase of 20.4%.

See the B&Q results here

Véronique Laury, Chief Executive Officer, said: 

"We started our transformation two and a half years ago and are on track to deliver our strategic milestones for the third year in a row.

"In Q2, I’m pleased that we grew our sales after the exceptionally harsh weather conditions in Q1.

"In B&Q, Screwfix and Brico Dépôt France we delivered good sales growth. However, the performance of Castorama France has been more difficult and as a result we have put additional actions in place to support our full year performance in France with the benefits expected to come through in H2.

“We look forward to providing a more detailed update at our H1 results in September.”

View the full publication here.

Source : Insight DIY and Kingfisher

Image :  James W Copeland / Shutterstock.com 317213033

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