Kingfisher Q3 Report 2022
Third quarter sales of £3.3bn; total sales +1.7% in constant currency and LFL +0.2%
• Sales significantly ahead of pre-pandemic performance (3-year LFL +15.3%), supported by continued market share gains
• Good start to trading in the fourth quarter with 3-year LFL +16.2% and LFL +2.8% for the three weeks to 19 November 2022
• Strong energy efficiency product demand supporting DIY sales
• Trade customers continuing to see robust pipelines; strong TradePoint performance (LFL
+1.9% and 3-year LFL +29.5%), and Screwfix gaining significant market share in the UK
• Opened first two Screwfix stores in France; meaningful step-up in store roll-outs planned for 2023
• Strong omni-channel engagement with e-commerce sales 3-year growth of +138% (YoY growth of +2.3%); representing 16% of Group sales (Q3 19/20: 8%). Continued growth of B&Q marketplace in Q3, and successful marketplace launches in Spain and Portugal
• Continuing to deliver value to customers whilst managing inflation pressures effectively
• Good product availability and effective supply chain management