Despite a better performance in Q2, we believe B&Q will remain under pressure in the rest of FY18. However, French consumer-centric banner Castorama needs an urgent overhaul as investors have been patiently waiting for a performance turnaround for many quarters. Management will be sharing the action plan on 19 September 2018. However, an unconvincing strategy is likely to result in a downgrade of the stock recommendation.
29 Aug 2018
France remains a problem child
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
France remains a problem child
Kingfisher Plc (KGF:LON) | 250 2.7 0.4% | Mkt Cap: 4,678m
- Published:
29 Aug 2018 -
Author:
Nishant Choudhary -
Pages:
3
Despite a better performance in Q2, we believe B&Q will remain under pressure in the rest of FY18. However, French consumer-centric banner Castorama needs an urgent overhaul as investors have been patiently waiting for a performance turnaround for many quarters. Management will be sharing the action plan on 19 September 2018. However, an unconvincing strategy is likely to result in a downgrade of the stock recommendation.