B&Q sales hit by wet Easter but it hopes to gain in heatwave
Summary
B&Q, part of Kingfisher, saw lower sales of garden and barbecue products during a cold, rainy Easter but expects better results during a heatwave. While B&Q sales fell, its tool-focused brand Screwfix grew, helping Kingfisher keep its profit forecast steady.Key Facts
- Kingfisher owns B&Q, Screwfix, Castorama, and Brico Dépôt.
- From February to April, Kingfisher’s sales fell 0.9% overall in the UK and Ireland.
- B&Q sales dropped 4.1%, mainly due to poor weather affecting BBQ and garden product sales.
- Screwfix sales increased by 4.1%, driven by trade customers who buy tools and materials for their jobs.
- Seasonal products like garden furniture and plants make up 20% of Kingfisher’s sales.
- Bathroom product sales fell, but kitchen sales grew by 4.5% with new product ranges.
- Kingfisher expects a pre-tax profit between £565 million and £625 million for the year.
- Sales to trade customers increased by 17% excluding Screwfix, showing growth in business buyers.
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