Kingfisher plc (OTCQX:KGFHY) Q3 2026 Sales Call November 26, 2025 9:00 AM EST Company Participants Richard Joyce Shaun Curtis Conference Call Participants Hannah Crowe - Equity Development Limited Presentation Hannah Crowe Equity Development Limited Good afternoon and thank you to those of you who are joining us today to hear from the team at Kingfisher plc [indiscernible]. If you haven't seen this already, find an updated note on our website at Equity Development.
B&Q owner Kingfisher PLC (LSE:KGF) raised its guidance for full-year profits as UK trading improved and the turnaround under chief executive Thierry Garnier continued to grind out operational improvements. Adjusted profit before tax of between £540 million and £570 million this year is now expected, previously eyeing the upper end of £480-540 million.
The home-improvement retailer said its performance and cost savings give it confidence despite weakening market conditions in the U.K. and Poland.
After B&Q and Screwfix owner Kingfisher PLC (LSE:KGF) put together stronger first-half results than expected back in September, Deutsche Bank reckons next week's third-quarter update might disappoint. The bank said the interim numbers two months ago benefited from a "robust improvement" in core sales over the period, with full-year guidance for profit before tax set at the "upper end" of the earlier £480-540 million range.
Kingfisher PLC (LSE:KGF), the home improvement retailer that owns B&Q, has been marked down despite a string of structural advantages that should keep profits climbing. RBC Capital Markets reckons the shares, now 296p, are attractively priced and maintains its outperform rating with a 350p target.
Shares in UK grocers, including Marks and Spencer Group PLC (LSE:MKS) and Tesco PLC (LSE:TSCO), were among the big risers on Thursday morning on the back of a report suggesting the government is considering exempting supermarkets from an increase in business rates. The Financial Times reported that the Treasury is poised to remove larger retailers from the top band of business rates, following intense lobbying pressure from supermarkets, with Chancellor Rachel Reeves having met leaders from the sector recently.
Shares in non-food retailers like Primark owner Associated British Foods PLC (LSE:ABF) and B&Q owner Kingfisher PLC (LSE:KGF) fell after industry data showed that prices continued to fall this month. Non-food prices were down 0.8% year on year, easing slightly from -1.0% in July and the three-month average of -1.0%, according to the shop price monitor produced by the British Retail Consortium and NIQ.
Kingfisher (KGFHY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Shares in Kingfisher PLC (LSE:KGF), the owner of B&Q and Screwfix, have held up despite a patchy set of trends in its key markets, according to Deutsche Bank, which has trimmed its price target from 330p to 320p but maintains a “buy” rating. Citi said the latest data on Kingfisher are “rather mixed” as summer approaches, with the UK and Poland proving “a bit weaker than we expected” but some improvement in France.
Kingfisher (KGFHY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here is how Kingfisher PLC (KGFHY) and SharkNinja, Inc. (SN) have performed compared to their sector so far this year.
A bullish trading update from Kingfisher PLC (LSE:KGF) has prompted Panmure Liberum to reiterate its buy ratings on B&M European Value Retail SA (LSE:BME) and Wickes Group PLC (LSE:WIX). Signs of strengthening demand for seasonal and higher-value home improvement goods were cited.