Screwfix Sales Growth Counters Poor Performance at B&Q

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

Kingfisher UK & Ireland

B&Q UK & Ireland sales -3.5% (LFL -3.4%) against a softer market backdrop and c.-1.5% impact from the discontinuation of showroom installation services.

Sales continue to be impacted by the implementation of the new surfaces & décor and kitchens ranges. LFL sales of weather-related categories up 1.0%. LFL sales of non-weather-related categories, including showroom, down 4.5%.

Screwfix sales +7.9% (LFL +3.7%) with seven new outlets opened during Q3. The business continued to strengthen its overall customer proposition, including ongoing price investment. On track to open first Screwfix outlet in the Republic of Ireland in Q4.

Kingfisher expects a continuation of softer market backdrop and range disruption in the UK.

Learn more about Kingfisher's Group results

View Kingfisher's International results

Source : Kingfisher 

For all the very latest news and intelligence on the UK's largest home improvement and garden retailers, sign up for the Insight DIY weekly newsletter.