Kingfisher Q3 Report 2023

As we move into 2024, we are focused on what is in our control. First, a continued focus on growing market share in the UK, France and Poland with delivery of our strategic growth initiatives. Second, driving productivity gains to offset wage inflation. And finally, delivering on our free cash flow and shareholder returns targets. We expect to see some product cost price inflation, albeit at a significantly lower level, and expect rational retail pricing and
competitive price indices at all our banners.

Key points

  • Q3 sales of £3.2bn; total sales -2.1% (reported) and -2.7% (constant currency)
  • LFL -3.9% including a -0.4% calendar impact(1) with overall volumes continuing to show an improving trend
  • Underlying retail and trade consumer trends resilient in the UK and improving in Poland, in line with our expectations; market trends in France weaker than expected

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