Kingfisher raises 2026 profit guidance despite weaker UK and Polish markets

Kingfisher, the genitor institution of B&Q, Screwfix and different retail brands, has raised its nett forecast for the 2026 fiscal year, citing outgo savings and operational performance, adjacent arsenic it points to softening trading conditions successful the UK and Poland.

The location betterment radical present expects adjusted pre-tax nett for the twelvemonth ending 31 January 2026 to beryllium betwixt £540m and £570m ($707.7m to $747m).

This represents an upgrade from its erstwhile guidance, which was for a effect astatine the apical extremity of a £480m to £540m range.

The retailer’s projection for escaped currency travel remains unchanged astatine £480m to £520m.

For the 3rd 4th (Q3) to 31 October 2025, Kingfisher reported full radical income of £3.25bn, an summation of 1% connected a reported ground and 0.9% connected a like-for-like ground astatine changeless currency.

In the UK and Ireland, wherever B&Q and Screwfix are its main banners, income roseate 4.2% to £1.68bn connected a reported basis.

In France, wherever it trades nether the Castorama and Brico Dépôt brands, gross edged up 0.7% to £974m. Sales successful Poland precocious 2.9% to £481m.

In contrast, turnover successful Kingfisher’s different planetary operations fell 33.5% to £112m.

Kingfisher CEO Thierry Garnier stated: “We delivered different 4th of precocious quality, volume-led growth, driven by our radical strategical initiatives successful e-commerce and commercialized and by our show successful halfway and big-ticket categories. B&Q, Screwfix and Iberia proceed to powerfully outperform their markets. Our show to day and advancement successful our strategical initiatives springiness america the assurance to upgrade our afloat twelvemonth nett guidance.

“As we look ahead, we are committed to driving shareholder returns done the accordant execution of our strategical priorities and by being disciplined connected borderline and costs.”

"Kingfisher raises 2026 nett guidance contempt weaker UK and Polish markets" was primitively created and published by Retail Insight Network, a GlobalData owned brand.

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