Clearly -4% LFL is not a great figure – but neither in our view is it all that relevant given that 3% points of that were down to obvious weather impacts. There are bigger games being played out both in terms of UK capacity and KGF’s own transformation programme. In contrast to M&S yesterday at least here these have some chance of moving profits forward in the foreseeable future rather than an indistinct promise of being in an un-quantified better shape to grow from after 5 ye
24 May 2018
1Q IMS | weak as expected, outlook comments gnomic, no real change
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1Q IMS | weak as expected, outlook comments gnomic, no real change
Kingfisher Plc (KGF:LON) | 244 -2.4 (-0.4%) | Mkt Cap: 4,562m
- Published:
24 May 2018 -
Author:
Tony Shiret -
Pages:
4
Clearly -4% LFL is not a great figure – but neither in our view is it all that relevant given that 3% points of that were down to obvious weather impacts. There are bigger games being played out both in terms of UK capacity and KGF’s own transformation programme. In contrast to M&S yesterday at least here these have some chance of moving profits forward in the foreseeable future rather than an indistinct promise of being in an un-quantified better shape to grow from after 5 ye