Friday 24 May 2019

B&Q owner sees sales bounce from warm weather

Kingfisher revealed a bounceback in sales at the DIY chain (PA)
Kingfisher revealed a bounceback in sales at the DIY chain (PA)

Holly Williams

B&Q owner Kingfisher said the DIY chain enjoyed a sales bounceback thanks to warm spring weather after Ireland basked in a sun-soaked Easter weekend.

The group reported like-for-like sales growth of 2.8pc for B&Q in Ireland and the UK for the three months to April 30, which marks a turnaround on recent trading and from a year earlier when the 'Beast from the East' extreme weather pushed sales 9pc lower. Kingfisher said this year's warmer weather helped boost sales by around 6pc, although this was offset by a hit of about 2pc as it ended some showroom installation services.

"The group delivered positive sales growth in the first quarter, with sales of unified and unique ranges continuing to grow ahead of non-unified ranges," said Kingfisher's outgoing CEO, Veronique Laury.

"At this early stage of the year our expectations for the full year are unchanged, and we remain confident in our ability to deliver significant financial benefits over time." The group's Screwfix business saw like-for-like sales rise 4.5pc over the first quarter, with four new outlets opened over period.

PA

Indo Business

Also in Business