Kingfisher: stock down after trading update.
(CercleFinance.com) - The Kingfisher share is down 3.
1% in London today, following the group's trading update for its second quarter, with the DIY chain's sales falling 1.9% like-for-like.
The 4% growth in Poland was largely offset by declines in Russia (-10.1%), Spain (-4.8%) and its two main markets, the UK (-1%) and France (-3.8%).
The parent company of B&Q, Screwfix, Castorama and Brico Dépôt recorded total revenues of 3.15 billion pounds, up 4% as reported and down 1.7% like-for-like.
Kingfisher is nevertheless comfortable with the consensus' expectations in terms of underlying EPS for the second year of its strategic plan, although it remains cautious regarding the outlook for the second half of the year in the UK and France.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
1% in London today, following the group's trading update for its second quarter, with the DIY chain's sales falling 1.9% like-for-like.
The 4% growth in Poland was largely offset by declines in Russia (-10.1%), Spain (-4.8%) and its two main markets, the UK (-1%) and France (-3.8%).
The parent company of B&Q, Screwfix, Castorama and Brico Dépôt recorded total revenues of 3.15 billion pounds, up 4% as reported and down 1.7% like-for-like.
Kingfisher is nevertheless comfortable with the consensus' expectations in terms of underlying EPS for the second year of its strategic plan, although it remains cautious regarding the outlook for the second half of the year in the UK and France.
Copyright (c) 2017 CercleFinance.com. All rights reserved.