Deutsche Bank reiterated its “sell” rating on Kingfisher PLC (LSE:KGF) after the DIY retailer reported first-quarter sales broadly in line with expectations and maintained full-year guidance. The B&Q and Screwfix owner said it still expects adjusted pre-tax profit of £565 million to £625 million for the 2026 financial year, compared with market forecasts of £589 million.
Screwfix tools posted 4.1% like-for-like sales growth, but the home-improvement retailer said results overall were hurt by the late start to spring hitting footfall.
B&Q and Screwfix owner Kingfisher PLC (LSE:KGF) saw sales shrink in the first quarter compared to last year but said it remains on track to meet full-year guidance. The DIY retailer, which also owns Castorama and Brico Dépôt in France, reported underlying like-for-like sales down 0.7% in the three months to 30 April, while total sales rose 1.4% to £3.3 billion.
| Specialty Retail Industry | Consumer Discretionary Sector | Thierry Dominique Gerard Garnier CEO | OTCQX Exchange | 495724304 CUSIP |
| GB Country | 73,178 Employees | 29 May 2026 Last Dividend | 7 Jul 2003 Last Split | - IPO Date |
Kingfisher plc, established in 1982, operates as a multinational home improvement company. Headquartered in London, United Kingdom, it serves a wide customer base primarily in the UK, Ireland, France, and other international markets. Kingfisher's business model is anchored in its diversified portfolio of retail brands, including B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas, through which it offers a range of home improvement products and services. Committed to catering to the needs of both individual consumers and professional clients, Kingfisher ensures accessibility to its offerings via both physical stores and digital e-commerce platforms, emphasizing its adaptability and customer-focused approach in the evolving retail landscape.
Under its umbrella, Kingfisher operates several notable brands, each tailored to meet distinct market needs. B&Q is renowned for catering to a wide array of home improvement requirements, offering everything from garden supplies to kitchen and bathroom fittings. Castorama and Brico Dépôt are pivotal in the European market, providing a comprehensive selection of DIY tools, materials, and home renovation products. Screwfix and TradePoint, on the other hand, are designed to meet the demands of trade professionals, offering specialized tools and building supplies. Koçtas extends Kingfisher's reach into the Turkish market, emphasizing the company's international presence and adaptability to diverse consumer preferences.
In addition to its physical stores, Kingfisher has made significant strides in digital retail, recognizing the growing trend towards online shopping. The company's e-commerce platforms allow customers to browse and purchase a wide range of home improvement products conveniently from their homes. This online presence is not only a testament to Kingfisher's commitment to accessibility but also enhances the shopping experience through features such as click-and-collect, home delivery, and digital customer support, ensuring that Kingfisher remains competitive in the rapidly evolving retail sector.