RE: Q3 Results19 Nov 2020 07:19
Kingfisher's sales rise 17.4% on pandemic home improvement boom
Thu, 19th Nov 2020 07:11
LONDON, Nov 19 (Reuters) - Home improvement retailer
Kingfisher on Thursday reported a 17.4% jump in
underlying sales over the latest quarter, continuing to benefit
from the popularity of do-it-yourself (DIY) during the COVID-19
pandemic.
The group, which owns B&Q and Screwfix in Britain and
Castorama and Brico Depot in France and other markets, said its
total sales rose 17.6% on a constant currency basis to 3.5
billion pounds ($4.6 billion) in the third quarter to Oct. 31.
It said underlying, or like-for-like, sales were up 12.6% in
its fourth quarter so far to Nov. 14, largely reflecting the
impact of more recent lockdown measures.