- Kingfisher’s adjusted pretax profit was GBP 528 million, slightly above the estimate of GBP 525.3 million.
- The company’s profit after tax was GBP 185 million, significantly below the estimated GBP 373.7 million.
- Reported sales amounted to GBP 12.78 billion, just under the projected GBP 12.83 billion.
- The gross profit reached GBP 4.76 billion, marginally surpassing the forecast of GBP 4.75 billion.
- Gross margin was 37.3%, outpacing the estimate of 35.6%.
- UK & Ireland retail profit was GBP 558 million, short of the predicted GBP 564.6 million.
- France retail profit stood at GBP 95 million, exceeding expectations of GBP 87.9 million.
- Operating profit was reported at GBP 407 million, trailing the estimated GBP 640.3 million.
- Total retail profit amounted to GBP 696 million.
- Like-for-like sales saw a decline of 1.7%, compared to the expected drop of 1.56%.
- UK and Ireland like-for-like sales increased by 0.2%, below the forecast of 0.27% gain.
- B&Q UK & Ireland LFL sales decreased by 0.4%, better than the expected drop of 0.6%.
- Castorama LFL sales declined by 6.6%, against an anticipated decrease of 5.96%.
- Poland LFL sales dipped by 0.1%, where a growth of 0.27% was projected.
- Brico Depot LFL sales fell by 5.7%, more than the anticipated 5.14% decline.
- Screwfix LFL sales grew by 1%, shy of the expected 1.58% increase.
- France like-for-like sales dropped by 6.2%, against an expected fall of 5.58%.
- Other international like-for-like sales improved by 4.1%, significantly above the 0.82% estimate.
- The final dividend per share is set at 8.60p.
- Net debt was GBP 2.02 billion, lower than the estimated GBP 2.09 billion.
- The company noted that recent government budgets in the UK and France have raised costs for retailers and impacted consumer sentiment.
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
Kingfisher PLC, a leading home improvement company, appears to have a positive long-term outlook based on the Smartkarma Smart Scores. With strong scores in value and dividends, Kingfisher is deemed attractive in terms of its financial fundamentals and ability to provide income to investors. Additionally, the company shows promising momentum, indicating a potential for continued growth and investor interest. Although growth and resilience scores are slightly lower, Kingfisher’s overall outlook seems favorable in the market.
As an international provider of hardware, home decoration, building materials, and garden products, Kingfisher plc is positioned to benefit from ongoing demands in the home improvement sector. Its solid scores in value, dividends, and momentum suggest a stable and potentially lucrative investment opportunity for those looking for long-term growth. While growth and resilience scores are not as high, Kingfisher’s diversified product offerings and global market presence provide a strong foundation for future success 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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