- Kingfisher’s third-quarter sales of GBP3.22 billion missed the estimate of GBP3.26 billion.
- UK & Ireland reported revenues of GBP1.62 billion, slightly below the estimated GBP1.63 billion.
- Sales in France were GBP967 million, falling short of the GBP985.7 million estimate.
- Other international revenues were GBP637 million, compared to the estimate of GBP646.2 million.
- Like-for-like sales declined by 1.1%, versus an estimated decline of 0.11%.
- B&Q UK & Ireland saw a like-for-like sales drop of 0.6%, against an estimate of a 0.33% decline.
- Screwfix exceeded expectations with like-for-like sales growth of 1.8%, versus an estimate of 1.5%.
- Castorama’s like-for-like sales fell by 4.7%, missing the target of a 3.38% decline.
- Brico Depot’s like-for-like sales decreased by 3.7%, compared to the expected decline of 1.83%.
- Poland’s like-for-like sales were down 0.4%, against an expected increase of 1.33%.
- UK and Ireland like-for-like sales rose by 0.4%, underperforming the estimate of a 0.88% increase.
- France’s like-for-like sales declined by 4.3%, deeper than the estimated 2.41% fall.
- Other international like-for-like sales increased by 0.5%, slightly beating the estimate of 0.46%.
- Kingfisher tightened its full-year adjusted PBT guidance to a range of approximately GBP510 million to GBP540 million.
- The company maintains tight cost control and anticipates structural cost reductions of about GBP120 million for the full year.
- Free cash flow guidance remains unchanged at approximately GBP410 million to GBP460 million.
- On schedule to complete a GBP300 million share buyback program by March 2025, with a commitment to returning surplus capital to shareholders.
- Improving volume trends in key categories, driven by repairs, maintenance, and home renovation projects.
- Despite improved performance in August and September, increased consumer uncertainty in October affected UK and France sales.
- E-commerce sales penetration increased by 1.3 percentage points to 18.8% in the third quarter.
- Analyst recommendations include 3 buys, 9 holds, and 4 sells.
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A look at Kingfisher PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Kingfisher PLC, a home improvement company known for its hardware, home decoration, building materials, and garden products, shows a promising long-term outlook based on Smartkarma’s Smart Scores. With strong scores in Value and Dividend at 4 each, and a robust score of 4 for Momentum, Kingfisher PLC appears to be on a positive trajectory. Although Growth and Resilience scores are slightly lower at 3, the overall outlook for the company seems stable and favorable.
In summary, Kingfisher PLC, a global player in the home improvement sector, is positioned well for the long term with its competitive Value, Dividend, and Momentum scores. This, combined with its diverse range of products and international market presence, indicates a solid foundation for potential growth and stability in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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