Kingfisher Raises Profit Outlook on Sales Growth, Cost-Saving Efforts

6 days ago 5

The upgraded outlook reflects advancement successful strategical efforts and outgo and borderline discipline, the retailer says

Kingfisher lifted its nett outlook for fiscal 2026, saying its show to day and outgo savings springiness it assurance contempt weakening marketplace conditions successful the U.K. and Poland.

The U.K. home-improvement retailer present expects adjusted pretax nett for the twelvemonth ending Jan. 31 to scope from 540 cardinal to 570 cardinal pounds ($707.7 million-$747 million). It had antecedently forecast a effect astatine the precocious extremity of the 480 cardinal to 540 cardinal lb range.

Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Read Entire Article