Kingfisher Raises FY Profit Guidance After Strong Screwfix Performance
KGFHF sits 46% above its 52-week low of $2.67 on light trading volume (0.1× avg).
Summary
Kingfisher raised its FY2026/27 adjusted pre-tax profit guidance to £595M-£635M from £565M-£625M, driven by a 9.9% rise in H1 adjusted pre-tax profit to £404M and a standout 5.6% like-for-like sales increase at Screwfix. The company also lifted free-cash-flow guidance to £480M-£520M from £450M-£510M, citing higher gross margins and cost savings. B&Q remained weak with Q2 like-for-like sales down 1.8% and big-ticket sales down 8.1%, but the overall upgrade signals stronger profitability. The interim dividend was held at 3.8p per share and the third £50M tranche of the £300M buyback begins this week, adding shareholder support. Shares jumped 9% in London trading on the news.
At the time of this announcement, KGFHF was trading at $3.89 on OTC in the Trade & Services sector, with a market capitalization of approximately $6.4B. The 52-week trading range was $2.67 to $5.21. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Seeking Alpha.