Kingfisher PLC Reports Q1 Sales Growth
Kingfisher PLC, a home improvement company operating in the Consumer Discretionary sector, has reported its first quarter sales results.
The company reported higher sales in the UK and Ireland, driven by improved results in these regions. Sales growth was achieved through a combination of volume and transaction growth.
In contrast, sales in France and Poland declined during the quarter.
Kingfisher PLC maintained its fiscal 2025 outlook, as previously stated.
The company’s stock price has fallen by approximately 3.5 percent, resulting in a lower trading value.
The decline in stock price is attributed to the mixed performance across different regions.
Key highlights of the Q1 sales results include:
- Sales growth in the UK and Ireland
- Decline in sales for France and Poland
- Maintenance of fiscal 2025 outlook
- Stock price decline of approximately 3.5 percent