Thursday, 29 November 2012

Kingfisher Misses Estimates as Sales Drop in France, Britain

Irish Times
Kingfisher caned by currency fluctuations
Proactive Investors UK
... our third quarter, one of our most significant trading periods in the year. Our markets remain challenging, with consumer confidence still weak and so we maintain our strong focus on margin, costs and cash," said Ian Cheshire, chief executive of ...
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Proactive Investors UK
Kingfisher: What the analysts say
Retail Week
“We said yesterday that the best investor relations team in the industry would surely engineer a top-of-the-range third quarter outcome today at Kingfisher, so we have to take our hats off to them for presenting a bottom-of-the-range outcome of £257m ...
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Kingfisher Misses Estimates as Sales Drop in France, Britain
Kingfisher's markets “remain challenging, with consumer confidence still weak,” Chief Executive Officer Ian Cheshire said. The CEO is seeking to protect profit by directly sourcing more products from suppliers and adding common product ranges across ...
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Kingfisher suffers earnings fall
Financial Times
Kingfisher suffers earnings fall. By Louise Lucas. Kingfisher, the owner of the B&Q home improvement chain, reported a 5.9 per cent drop in third-quarter earnings before interest and tax to £257m, as French and British consumers downed tools. The ...
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Kingfisher says budget uncertainty hitting France
Reuters UK
LONDON (Reuters) - Kingfisher (KGF.L), Europe's biggest home improvements retailer, said uncertainty over the French government's budget plans had knocked consumer confidence in its largest market, as it posted a 6 percent drop in quarterly profit.
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B&Q and Castorama owner Kingfisher dips on cautious outlook
The Guardian (blog)
Kingfisher, the owner of B&Q in the UK and Castorama in France, continues to struggle with tough markets, and its latest results have done little to dispel the gloom. With falling revenues in both its main markets, its like for like sales for the third ...
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B&Q owner Kingfisher warns of "opaque" outlook
Kingfisher, which also owns Screwfix, said like-for-like sales in the UK fell by 3.8pc in the 13 weeks to October 27. This compares to a 5.5pc drop in the first half of the year, when B&Q sales were dragged down by Britain's wet summer. “It's ...
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Kingfisher profits down by 6%
Irish Times
Kingfisher, Europe's number one home improvements retailer, posted a 6 per cent fall in third-quarter profit, hit by a fall in sales in its main markets in France and the UK as well as unfavourable foreign exchange movements. The group, which runs B&Q ...
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1 comment:

  1. I didn't have any clue about Kingfisher! Thanks for the heads up. I need to look at more companies that know about.

    William |


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