UK DIY News
B&Q expected to post solid Q2 figures on Thursday
B&Q owner Kingfisher is expected to post solid second quarter figures on Thursday as the DIY group pushes ahead with its turnaround plans.
Brokers at Jefferies expect B&Q UK and Ireland to report same-store sales up 2.2 per cent in the ten weeks to July 23, compared with a 1.1 per cent fall in the previous quarter and a 0.7 per cent rise a year ago, as the impact of slowing housing transactions is offset by rising wages among shoppers.
Taking stock: Brokers at Jefferies expect B&Q UK and Ireland to report same-store sales up 2.2 per cent in the ten weeks to July 23, compared with a 1.1 per cent fall in the previous quarter
Another strong period is forecast for its building supplies chain Screwfix, where sales are expected to hit 13.3 per cent, helping the group’s overall UK and Ireland division to increase comparable sales to 4.2 per cent, from 1.6 per cent in the previous quarter, and against a 1.3 per cent fall a year ago.
Chief executive Veronique Laury, who took over from Sir Ian Cheshire in December, recently said Kingfisher (down 3.1p to 361.9p) was making ‘good progress’ with its overhaul.
Source: This is money.co.uk
Insight provides a host of information I need on many of our company’s largest customers. I use this information regularly with my team, both at a local level as well as with our other international operations. It’s extremely useful when sharing market intelligence information with our corporate office.
Don't miss out on all the latest, breaking news from the DIY industry
