Kingfisher (#KGF) – Q3 constant currency LFL sales -2.4%, 2-year basis +15%
- 2021-11-19 07:26:17
Hello, Share Pushers. I’ve not covered Kingfisher (KGF) before, if ever. But it’s hard to ignore that this company seems to have benefited from Covid - and could continue to do so once the virus has gone. It’s the stay-at-home DIY boom that has prompted its soaring sales. That and the fact that many of its 1800 stores have stayed open, in Blighty, anyway, because what they sell is deemed essential.
It has been a while since I either visited one of its B&Q stores or even talked about Kingfisher (KGF), but it has done rather well during the Covid-19 period.