Kingfisher: stock down after dismal start to year
(CercleFinance.com) - The Kingfisher stock is down 3% in London today, with the group of DIY stores, which in particular operates B&Q in the UK and Castorama in France, having unveiled a fall in Q1 20108 sales to 30 April, 2018.
At 2.82 billion pounds, sales were down 1.2% as reported, -2.5% at constant exchange rates and -4% like-for-like, reflecting unusually poor weather conditions.
However, CEO Véronique Laury said that we are in the process of completing our ONE Kingfisher strategic steps for the third year in a row, noting that approximately 40% of the ranges are now unified.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
At 2.82 billion pounds, sales were down 1.2% as reported, -2.5% at constant exchange rates and -4% like-for-like, reflecting unusually poor weather conditions.
However, CEO Véronique Laury said that we are in the process of completing our ONE Kingfisher strategic steps for the third year in a row, noting that approximately 40% of the ranges are now unified.
Copyright (c) 2018 CercleFinance.com. All rights reserved.