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B&Q owner Kingfisher says resilient UK lifts profit
- On Tuesday, European home improvement retailer Kingfisher reported a 6% rise in annual profit, with resilient UK performance offsetting softer results in France and Poland.
- The FTSE-100 company benefited from cost-saving initiatives and the closure of Homebase stores early last year, which strengthened domestic market performance across its brands.
- Total sales rose 1.3% to £12.9 billion while adjusted pretax profit reached £560 million; the group opened 34 new stores across its Castorama and Brico Depot banners.
- Kingfisher announced a new £300m share buyback programme, while CEO Thierry Garnier told reporters he expects "limited" cost impact from the US-Israeli conflict with Iran.
- Bosses described the consumer backdrop as "mixed" while forecasting adjusted profits between £565 million and £625 million for the 2026/27 year amid rising household living costs.
15 Articles
15 Articles
perspectivemedia.com
The IndependentB&Q and Screwfix owner hails ‘rapid progress’ as profits jump
Kingfisher, which also owns French brand Castorama, revealed that pre-tax profits rose by 23% to £378 million for the year to January 31. Home improvement giant Kingfisher has revealed a jump in profits for the past year on the back of cost-saving efforts and “standout” performances from its B&Q and Screwfix brands. Bosses at the FTSE 100 company said it has made “rapid progress” in its growth strategy as they hailed the “strong” performance. Th…
B&Q delivers positive year as sales rise
Home improvement retailer B&Q has reported a growth in revenue as wider group sales also rose. According to the latest Kingfisher, parent company of B&Q, full year results for the year ended 31 January 2026, total group sales rose 0.2% to £12.9bn from £12.7bn in 2025. Adjusted pre-tax profit resulted at £560m, up 6% from £528m year-on-year, with gross margin at 38.1%, increasing from 37.3%. Underlying like-for-like sales rose 1.4%, which was vol…
Kingfisher sees sales strengthen as digital innovation and trade growth accelerate - InternetRetailing
Kingfisher has reported a solid set of full‑year results for the year to 31 January 2026. The hardware retailer, which owns B&Q, Castorama and Screwfix, enjoyed steady sales growth, with a significant lift from its expanding digital and trade propositions. Group like‑for‑like sales rose 1.4%, with total sales up 1.3%. The UK led the performance, as B&Q and Screwfix both delivered sales increases of more than 4%. Adjusted profit before tax reache…
Kingfisher benefits from Homebase fall and growth in the Iberian Peninsula - RetailDetail EU
Kingfisher's profits rose last year, mainly thanks to strong performance from B&Q and Screwfix. The British DIY group is benefiting from Homebase's bankruptcy and is focusing on digital growth and professional customers.
B&Q And Screwfix Drive Growth At Kingfisher
Kingfisher has posted a rise in annual profit and sales after its B&Q and Screwfix chains delivered robust performances. Total group sales rose by 1.3% to £12.9bn over the year to 31st January 2026, while underlying like-for-like sales increased by (more…) The post B&Q And Screwfix Drive Growth At Kingfisher appeared first on KamCity.
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