Kingfisher Still Has Work to Do -- Market Talk

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Kingfisher Still Has Work to Do -- Market Talk

Dow Jones03-25 08:56

0856 GMT - Kingfisher is still working to get its own house in order, Interactive Investor's Richard Hunter says in a note. The home-improvement retailer's French business reported underperforming results for fiscal 2025, Hunter says. The French operation's sales declined by 6.2% on a like-for-like basis, while retail profit decreased roughly 32% in reported terms to 95 million pounds. "However, the clear disappointment over the profit guidance grabs the headlines for now," Hunter says. The group forecasts adjusted pretax profit between 480 million pounds and 540 million pounds for fiscal 2026. This is below company-compiled consensus estimates of 543 million pounds. Shares are down 12% at 247.10 pence. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

March 25, 2025 04:56 ET (08:56 GMT)

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