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Kingfisher sales soar with the mercury during Q2

Published: 24 July 2013
Total sales were up 5.2% across the Kingfisher group during the 10 weeks to July 13, up 2.5% like-for-like, with both B&Q and Screwfix seeing positive gains.
Kingfisher sales soar with the mercury during Q2
Kingfisher's UK businesses saw total increases of 3.6%, +2.5% LfL, levelling out the total first half sales result to -0.2% total and -1.5% LfL following a tough first quarter.

B&Q sales were up 1.7% total, up 1.9% LfL, marking a welcome change to several consecutive quarters in negative numbers. Sales of outdoor seasonal products were up nearly 20% thanks to the July heatwave, representing almost 40% of sales.

Screwfix grew sales by an impressive 17.8%, up 6.6% LfL. Overseas, Kingfisher's French Castorama and Brico Depot stores also performed well, with total sales up 3.5% and 3.3% respectively.

Kingfisher chief executive Ian Cheshire said: "Following a tough Q1, I am pleased to report that we have been able to capitalise on the better weather conditions in Q2, particularly in the UK, which has helped us to deliver growth.

"However, underlying consumer confidence remains weak in our major markets, so we continue to focus hard on our self-help margin and cost initiatives. We are on track to deliver a first half in line with our expectations.

"Our self-help plan, 'Creating the Leader', continues to progress well, including the successful completion in Q2 of the acquisition of 15 stores in Romania, our first new country entry in seven years. We remain confident in our future prospects."


Published prior to March 2014
By brian jones
it's amazing how they say sales have increased by over5% why is it that the 2 friends i know that work in these stores say it's dead quit, somebody is cooking the figures
Published prior to March 2014
By jay
so sales are up due to screwfix not b&q when will we ever see the breakdown of the retail numbers ie what comes from stores v on line
i would also ask why there are some significant price differences between the 2 maybe thats why screwfix is growing as thier prices are well below B7Q

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