Kingfisher (#KGF) – Q1 LFL sales -3.3%, “improved trading since early April”
- 2023-05-24 06:35:37
UK 10:54 Monday, 28 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
I learnt earlier today via the management of Kingfisher plc (KGF), the “international home improvement company with over 1,900 stores, supported by a team of 82,000 colleagues” (and listed in the FTSE 100), that a recent survey it took “highlight resilience of home improvement”. How wonderful, as apparently iffy comedy budgets a few months ago, higher interest rates, lower house prices and a touch of volatility in both the general economy and a few banks in the United States (and one in Switzerland) has apparently had little impact. We will just ignore then Kingfisher’s FY22 numbers today, with their underlying operating profits down 20% or so year-on-year and negative free cash flow…
Some GSK plc (GSK) shareholders have sold their Haleon (HLN) spin-off shares and some have not. I belong in the latter group on the basis that today’s half one numbers are a classic double or quits moment, based far more on the conference call being held by “one of the world's largest providers of specialist oral health” later today. I look forward to sharing some thoughts with you all on this tomorrow – as shown by the share price rise this morning, the numbers were alright…but what really matters is where the group is going over the rest of the decade. Meanwhile, a couple of months ago I wrote on Kingfisher (KGF).
I mentioned on Monday that Kingfisher (KGF) was hosting a capital markets day this week. So how did it go?
I read the other day that the "cost of July 4th cookout is 17% higher compared to a year ago”. I am sure it has not stopped the average American having a good time over the last three days. It is almost as if they did something important on this day of the year a few years back. Meanwhile, it is going to be an interesting week.
Back in November I observed that below a 300p share price it might be worth having a look at Kingfisher (KGF). Thanks to the market volatility of the last three months we have been at that level, but there have been other stocks I have been more interested in. So what do I think after today’s first quarter trading update?
Hello Share Smashers. Kingfisher (KGF) is a wily old bird that knows how to make money. It owns B&Q, which has done rather well during the Covid crisis. People spending more time working from home want a nicer environment. So they’re spending the time saved on commuting doing up their pads.
I said back in March about Kingfisher (KGF) that it ‘loves the rise and rise of DIYers’. And you can see the impact on the share price over the last eight or so months, rising from well below 300p to over 350p. But today the share is down over 4% at below 325p, and that is despite the company observing in its Q3 update today that it ‘continues to grow its market share, driven by strong execution of our new strategy’. So what is going on?
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.
