- Kingfisher’s 3Q Sales Performance: Reported sales were GBP 3.25 billion, surpassing the estimate of GBP 3.21 billion.
- UK & Ireland Revenue: Achieved GBP 1.69 billion in revenue, exceeding the estimate of GBP 1.66 billion.
- France Sales: Recorded sales of GBP 974 million, slightly above the expected GBP 954.6 million.
- Screwfix Performance: Like-for-Like (LFL) sales increased by 3.3%, against an anticipated rise of 1.9%.
- Other International Revenue: Totaled GBP 112 million, indicating a significant contribution from this segment.
- Overall Like-for-Like Sales Growth: Reported a 0.9% increase, above the estimated 0.18% rise.
- UK & Ireland Like-for-Like Sales: Gained 3%, outperforming the expected increase of 1.83%.
- Castorama LFL Sales: Declined by 3.4%, slightly more than the estimated drop of 3.33%.
- Brico Depot Performance: LFL sales decreased by 1.6%, which was better than the anticipated fall of 3.08%.
- France Like-for-Like Sales: Dropped by 2.5%, yet performed better than the expected decline of 3.21%.
- Poland LFL Sales: Fell by 1.3%, worse than the anticipated decline of 0.5%.
- Other International Like-for-Like Sales: Achieved a strong growth of 10.3%.
- Profit Guidance Update: The company is upgrading its full-year profit guidance.
- Free Cash Flow Target: Maintains guidance at approximately GBP 480 million to GBP 520 million, considering a new acquisition of a B&Q property.
- 4th Quarter Outlook: Kingfisher expects Q4 sales to be broadly flat due to strong prior year comparatives.
- Growth Drivers: Growth was fueled by strategic initiatives in e-commerce and trade, and strong performance in core and ‘big-ticket’ categories.
- Investment Activity: Current market stance includes 4 buys, 9 holds, and 4 sells recommendations.
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
Analysts indicate that Kingfisher PLC, a home improvement company, is positioned for a promising long-term outlook based on its Smartkarma Smart Scores. With solid scores in categories such as Value and Dividend, the company is showing strength in key financial areas. Additionally, its Momentum score suggests positive market sentiment and potential for growth. Though Growth and Resilience scores are slightly lower, the overall outlook remains optimistic for Kingfisher PLC.
Operating globally in the home improvement sector, Kingfisher PLC is well-positioned to capitalize on its strong Value and Dividend scores. While the Growth and Resilience scores indicate room for improvement, the company’s positive Momentum score hints at a favorable market reception. Investors may view Kingfisher PLC as a potentially sound long-term investment opportunity in the home improvement industry.
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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