Kingfisher (KGF)

Sector:

Retailers

Index:

FTSE 100

346.70p
   
  • Change Today:
    -4.80p
  • 52 Week High: 376.40
  • 52 Week Low: 208.90
  • Currency: UK Pounds
  • Shares Issued: 2,111.45m
  • Volume: 14,064,929
  • Market Cap: £7,320m
  • RiskGrade: 158

Kingfisher sales slump in Q1 but improvement seen in May

By Michele Maatouk

Date: Tuesday 12 May 2020

LONDON (ShareCast) - (Sharecast News) - B&Q and Screwfix owner Kingfisher posted a decline in first-quarter sales on Tuesday as it took a hit from the coronavirus lockdown but said sales improved at the start of May as stores reopened.
Group sales fell 24% at constant currency to ?2.2bn, with like-for-like sales down 24.8%.

In the UK and Ireland, sales were down 14.7% to ?1.095bn, while sales in France - where it owns Castorama and Brico Depot - were 41.5% lower at ?596m. Other international sales fell 12.8% to ?464m.

Still, in the first week of May, sales were up 2.7% compared to a 74% slump in the first week of April, helped by store reopenings. The company said 95% of its stores are currently either open and/or offering a contactless click & collect service.

Chief executive officer Thierry Garnier said: "Having initially closed our stores in France and the UK, we have rapidly adapted how we operate to meet the essential needs of our customers safely during lockdown.

"We have also taken significant actions throughout the business to reduce costs and protect cash, in part supported by governments. Our current cash balance provides us with sufficient financial headroom based on assumptions of a prolonged period of reduced sales. Over and above this we have put in place some further liquidity arrangements, including support from the UK and French governments, which give us additional security in case of even more severe scenarios. Overall, the operational and financial actions we have taken give us a sound footing in the current crisis and beyond."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Kingfisher Market Data

Currency UK Pounds
Share Price 346.70p
Change Today -4.80p
% Change -1.37 %
52 Week High 376.40
52 Week Low 208.90
Volume 14,064,929
Shares Issued 2,111.45m
Market Cap £7,320m
RiskGrade 158

Kingfisher Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.85% above the market average38.85% above the market average38.85% above the market average38.85% above the market average38.85% above the market average
44.68% above the sector average44.68% above the sector average44.68% above the sector average44.68% above the sector average44.68% above the sector average
Price Trend
71.84% above the market average71.84% above the market average71.84% above the market average71.84% above the market average71.84% above the market average
69.81% above the sector average69.81% above the sector average69.81% above the sector average69.81% above the sector average69.81% above the sector average
Income
71.92% above the market average71.92% above the market average71.92% above the market average71.92% above the market average71.92% above the market average
92.31% above the sector average92.31% above the sector average92.31% above the sector average92.31% above the sector average92.31% above the sector average
Growth
86.86% above the market average86.86% above the market average86.86% above the market average86.86% above the market average86.86% above the market average
83.67% above the sector average83.67% above the sector average83.67% above the sector average83.67% above the sector average83.67% above the sector average

What The Brokers Say

Strong Buy 3
Buy 2
Neutral 9
Sell 1
Strong Sell 3
Total 18
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Kingfisher Dividends

  Latest Previous
  Final Interim
Ex-Div 03-Jun-21 03-Jun-21
Paid 05-Jul-21 05-Jul-21
Amount 5.50p 2.75p

Trades for 18-Jun-2021

Time Volume / Share Price
16:29 72 @ 345.20p
16:29 83 @ 345.20p
16:29 21 @ 345.20p
16:29 21 @ 345.20p
16:29 750 @ 345.30p

Kingfisher Key Personnel

Chair Andrew Cosslett
CFO Bernard Bot

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