Kingfisher Raises Profit Forecast Amid Strong Demand for Home Improvement
Financial MarketsKingfisherUpdated 15 hours ago

Kingfisher Raises Profit Forecast Amid Strong Demand for Home Improvement

Kingfisher, the owner of B&Q and Screwfix, has raised its profit forecast due to strong demand for kitchens and garden products, fueled by favorable summer weather in the UK. This positive trend reflects resilience in the home improvement market, indicating that some sectors are thriving despite broader economic challenges. It suggests that consumers are willing to invest in their homes, offering a hopeful outlook for the economy.

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B&Q’s owner defies the gloomsters. But it wasn’t unpredictable
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B&Q's owner, Kingfisher, is defying the negative economic outlook by raising its profit forecast, thanks to strong demand for kitchens and a solid base of trade customers. This positive news highlights how some sectors can thrive even in challenging times, showcasing resilience in the retail market. It matters because it suggests that not all businesses are struggling, and there are opportunities for growth despite broader economic concerns.
B&Q owner lifts profit forecast amid strong demand for kitchens
PositiveFinancial Markets
Kingfisher, the owner of B&Q and Screwfix, has raised its profit forecast thanks to a surge in demand for kitchens and garden products, driven by favorable summer weather in the UK. This positive trend highlights the resilience of the home improvement market and suggests that consumers are investing in their homes, which is a good sign for the economy.

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