Kingfisher was resilient during H1 20/21, as DIY demand recovered strongly during Q2 20/21 – the group’s operating cost management was also much better than our expectations. More importantly, the company’s robust trading backdrop has sustained during August and September so far (+16.6% yoy lfl sales). While the surge in DIY demand is an industry phenomenon (and still unclear how long will it last), we turn more positive on Kingfisher’s new trading strategy, which has
23 Sep 2020
Riding high with the stay-at-home trend
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Riding high with the stay-at-home trend
Kingfisher Plc (KGF:LON) | 248 -3 (-0.5%) | Mkt Cap: 4,645m
- Published:
23 Sep 2020 -
Author:
Mohit Rathi -
Pages:
3
Kingfisher was resilient during H1 20/21, as DIY demand recovered strongly during Q2 20/21 – the group’s operating cost management was also much better than our expectations. More importantly, the company’s robust trading backdrop has sustained during August and September so far (+16.6% yoy lfl sales). While the surge in DIY demand is an industry phenomenon (and still unclear how long will it last), we turn more positive on Kingfisher’s new trading strategy, which has