Kingfisher Q1 like-for like sales to 30th April were up by 1.2% in the UK and Ireland after like-for-like sales at B&Q and Screwfix rose by 0.4% and 2.4% respectively.
However, sales at Castorama and Brico Dépôt in France declined by 5.5% and 5.2% respectively, which was in line with expectations.
Overall sales for the quarter were up 0.3% at constant currency to £3.3bn.
Thierry Garnier, Chief Executive Officer, said: “Trading in the first quarter has been in line with our expectations. We have seen continued resilience in our core categories, although ‘big-ticket’ sales have been weak reflecting the broader market as expected. In the UK, we have gained considerable share across our banners.”
Adding, “Our trade proposition continues to resonate with customers, driving positive LFL sales at Screwfix and strong like for like sales growth of 8.5% at TradePoint. In France, while slightly improved on Q4, trading reflects the weak overall retail market. And in Poland, we are seeing encouraging sales trends as the consumer environment improves.”
