Kingfisher continued to register strong sales growth in Q4 FY20/21, buoyed by the higher DIY spend by consumers since the onset of the pandemic. Management continues to refrain from providing full-year revenue guidance, citing the pandemic-related uncertainties and the impact of lockdown restrictions. We maintain a positive outlook on the stock.
14 Jan 2021
DIY keeps up the momentum
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DIY keeps up the momentum
Kingfisher Plc (KGF:LON) | 250 0 0.0% | Mkt Cap: 4,680m
- Published:
14 Jan 2021 -
Author:
Vansh Mehta -
Pages:
3
Kingfisher continued to register strong sales growth in Q4 FY20/21, buoyed by the higher DIY spend by consumers since the onset of the pandemic. Management continues to refrain from providing full-year revenue guidance, citing the pandemic-related uncertainties and the impact of lockdown restrictions. We maintain a positive outlook on the stock.