UK DIY News
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
Sales 2019/20 | % Total Change | % Total Change | % LFL Change |
£m | Reported | Constant currency | Constant currency |
UK & Ireland | 1,297 | +0.4% | +0.4% | (1.0)% |
- B&Q UK & Ireland | 820 | (3.5)% | (3.5)% | (3.4)% |
- Screwfix | 477 | +7.9% | +7.9% | +3.7% |
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
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