Kingfisher sales fall 0.7 percent in first quarter
The European home improvement retailer reported a 0.7 percent drop in underlying sales due to a soft market and delayed spring weather. Despite the dip in seasonal demand, the group maintained its full-year profit outlook as core categories remained resilient.
KINGFISHER PLC reported a 0.7% fall in first-quarter underlying sales on May 26 as soft market conditions weighed on demand. The performance reflects a resilient core category, despite a late start to the spring season impacting footfall and seasonal demand. For investors, the maintained full-year profit guidance suggests Kingfisher expects seasonal demand to recover in the coming months.
### Seasonal Delays Impact Footfall The group, which operates B&Q and Screwfix in the United Kingdom, noted that cold weather during the early spring period reduced customer visits. This delay impacted seasonal product categories, though core home improvement segments remained stable.
