Poor performance in France is not a surprise but the magnitude of the lfl slump surely is. Although management is planning to exit three countries to focus on core geographies (the UK and France), investors are unlikely to have faith in the stock unless a tangible solution for Castorama is visible on the ground. This poor show also casts clouds over the success of the ‘One Kingfisher’ plan, as aggressive price investments/ promotional needs in France might erode the margin improve
22 Nov 2018
Q3 results: France continues to disappoint
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q3 results: France continues to disappoint
Kingfisher Plc (KGF:LON) | 262 11.8 1.7% | Mkt Cap: 4,912m
- Published:
22 Nov 2018 -
Author:
Nishant Choudhary -
Pages:
3
Poor performance in France is not a surprise but the magnitude of the lfl slump surely is. Although management is planning to exit three countries to focus on core geographies (the UK and France), investors are unlikely to have faith in the stock unless a tangible solution for Castorama is visible on the ground. This poor show also casts clouds over the success of the ‘One Kingfisher’ plan, as aggressive price investments/ promotional needs in France might erode the margin improve