Kingfisher's Outlook Reflects Caution -- Market Talk

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Kingfisher's Outlook Reflects Caution -- Market Talk

Dow Jones03-25 08:28

0828 GMT - Kingfisher's outlook comments reflect some caution on the underlying market backdrop and cost headwinds, Citi analyst Ami Galla says in a research note. The home-improvement retailer anticipates adjusted pretax profit in a range of 480 million pounds and 540 million pounds for its fiscal year 2026, which will end in January. The company's expectations came below analysts' forecasts of 543 million pounds, according to company-compiled consensus estimates. Besides this, the group reported results for fiscal year 2025 broadly in line with expectations, Citi says. Shares are down 11% at 248.10 pence. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

March 25, 2025 04:28 ET (08:28 GMT)

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