Kingfisher Q1 Report 2023
Across the Group, we are maintaining a sharp focus on competitive pricing, while balancing
inflationary pressures. With the continued easing of raw material prices and freight costs, we
expect to see lower product cost inflation in H2.
We remain well positioned to navigate FY 23/24 against the current backdrop of heightened
macroeconomic uncertainty. We are delivering value to our customers at all price points,
whilst also managing inflationary pressures effectively.
First quarter sales of £3.3bn; total sales +0.8% (reported) and -2.0% (constant currency).
Resilient performance in core and ‘big-ticket’ categories(2)
(82% of sales), with LFL -1.3%
Sales of seasonal categories(3).
(18% of sales) affected by weather conditions, with LFL –
11.3%.
Total e-commerce sales growth of +4.7%, representing 16.9% of Group sales (Q1 22/23:
15.9%; Q1 19/20: 7.2%). Continued strong growth of B&Q marketplace, reaching 27% of
B&Q’s e-commerce sales in April 2023