Summer weather warms up Kingfisher sales
KINGFISHER, the home improvement retailer that owns B&Q, today unveiled a 5.2 per cent increase in sales over the quarter, helped by improved weather conditions.
Sales in the UK and Ireland rose 3.6 per cent, while sales of outdoor and seasonal products rose by nearly 20 per cent, representing almost 40 per cent of total sales. B&Q total sales rose 1.7 per cent.
“Following a tough Q1, I am pleased to report that we have been able to capitalise on the better weather conditions in Q2, particularly in the UK, which has helped us to deliver growth,” said chief executive Ian Cheshire.
“However, underlying consumer confidence remains weak in our major markets, so we continue to focus hard on our self-help margin and cost initiatives. We are on track to deliver a first half in line with our expectations.”