Kingfisher posts updated analyst estimates

Kingfisher PLC has today updated analyst estimates for like-for-like sales and retail profit over the next three financial years.

B&Q owner Kingfisher PLC has today released updated analyst estimates for its global operations, to January 2014.

In the UK and Ireland, B&Q is forecast to see a decrease in like-for like sales of 1.7% for the full year ending January 2012, with retail profit of £234 million. For the UK and Ireland overall, profit is expected to reach £265 million.

Kingfisher’s analysts have forecast a 0.4% increase on B&Q like-for-likes for 2012/2013, with £264million in retail profit (£298 million for overall UK and Ireland operations).

A more positive forecast has been given for 2013/2014, with a 1.6% increase in like-for-likes and a profit figure of £295 million (£331 million for overall UK and Ireland operations).

Total retail profit for the global business is forecast to reach £873 million in January 2012 and £932 million in January 2013. January 2014 should see the business break through the billion pound barrier, with a £1,019 million total retail profit forecast.

Further information, including a breakdown forecast of like-for-like sales and profitability for Kingfisher's global operations, can be found here: http://www.kingfisher.com/index.asp?pageid=79

Source : Insight DIY
http://www.kingfisher.com/index.asp?pageid=79