Kingfisher reveals analyst updates

B&Q owner Kingfisher PLC has released updated analyst estimates for its global operations, to January 2015.

In the UK and Ireland, B&Q is forecast to see a decrease in like-for like sales of -2.9% (the previous update was -1.3%) for the full year ending January 2013, with retail profit of £216 million (previously £259 million). For the UK and Ireland overall, profit is expected to reach £253 million (previously £295 million).

Kingfisher’s analysts have forecast a 1.9% increase (previously 1.8%) on B&Q like-for-likes for year ending 2013/2014, with £253 million in retail profit (down from £288 million in previous update). Expected profit for overall UK and Ireland operations has dropped to £294 million from £329 million.

A positive LFL sales forecast has also been given for 2014/2015, with a 1.8% increase (previously 2.0%) in like-for-likes and a profit figure of £282 million (previously £317 million). Overall UK and Ireland operations are forecast to reach £328 million (previous forecast showed £361 million).

Total retail profit for the global business in January 2013 is now expected to reach £817 million – a figure noted in the June 2012 update as £908 million.

In January 2014 this figure is expected to grow to reach £898 million (previously given as £997 million), while January 2015 figures indicate a total retail profit forecast of £988 million (down from £1,089 million).

Further information, including a breakdown forecast of like-for-like sales and profitability for B&Q’s global operations, can be found here: http://www.insightdiy.co.uk/articles.asp

Source : Insight DIY