Kingfisher’s Q1 trading was stronger than market expectations. Lfl revenue was 1.4% ahead of the street’s estimates, with the momentum led by all business segments. Among the positives: 1) the DIY and DIFM demand remains strong and, hence, management was able to pass on the pricing pressure to customers, and 2) Q2 has started on a similar note, and the supply chain is not concerning, at the moment. Still, we expect consumer demand to slow from H2 onwards.
23 May 2022
Riding on solid Q1 momentum!
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Riding on solid Q1 momentum!
Kingfisher Plc (KGF:LON) | 247 -2.5 (-0.4%) | Mkt Cap: 4,622m
- Published:
23 May 2022 -
Author:
Nishant Choudhary -
Pages:
3
Kingfisher’s Q1 trading was stronger than market expectations. Lfl revenue was 1.4% ahead of the street’s estimates, with the momentum led by all business segments. Among the positives: 1) the DIY and DIFM demand remains strong and, hence, management was able to pass on the pricing pressure to customers, and 2) Q2 has started on a similar note, and the supply chain is not concerning, at the moment. Still, we expect consumer demand to slow from H2 onwards.