Financial Data and Key Metrics Changes - Total sales for the group fell by 1.4% to just under GBP 6.8 billion, with a like-for-like decline of 2.4% [5][9] - Gross margin increased by 40 basis points, maintaining competitive price indices across all banners [6][10] - Adjusted profit before tax (PBT) decreased by 0.5% to GBP 334 million, including a one-off benefit of GBP 25 million from business rate refunds [8][10] - Free cash flow generation was strong at GBP 421 million, supported by inventory management and cash tax refunds [8][29] Business Line Data and Key Metrics Changes - E-commerce sales rose by 8.4%, with group e-commerce penetration increasing to 18.3% [7][50] - In the U.K. and Ireland, like-for-like sales were down just 0.2%, with total sales increasing by 1% [13][14] - France's like-for-like sales were 7.2% lower, reflecting a soft consumer environment [15][17] - Poland's like-for-like sales were 0.2% lower, with a significant increase in trade penetration [18][19] Market Data and Key Metrics Changes - The U.K. and Ireland home improvement market is tracking within the higher end of growth scenarios set in March [36][38] - France's market is currently tracking at the low end of scenarios due to subdued consumer confidence [37][38] - Poland's market is in the higher end of scenarios, with improving consumer confidence [37][38] Company Strategy and Development Direction - The company aims to grow market share, manage gross margin, and control costs while focusing on strategic objectives [3][4] - Plans include restructuring and modernizing underperforming stores in France, with a target profit margin of 5% to 7% [4][62] - Expansion plans for Screwfix and Castorama include opening new stores and enhancing e-commerce capabilities [46][47] Management's Comments on Operating Environment and Future Outlook - Management remains cautious about the lag between housing market indicators and home improvement spending [4][36] - There are early signs of an improving housing market in the U.K., but consumer confidence remains weak in France [4][37] - The company is tightening its full-year adjusted PBT guidance to GBP 510 million to GBP 550 million [38] Other Important Information - The company has upgraded its free cash flow guidance for the year and accelerated its share buyback program [5][8] - The interim dividend remains unchanged at 3.8p, reflecting a commitment to shareholder returns [8][32] - The company has made significant progress in cost reduction initiatives, targeting an additional GBP 120 million this year [26][38] Q&A Session Questions and Answers Question: What is the outlook for the home improvement market? - The U.K. and Ireland markets are showing resilience, while France is tracking at the low end of expectations due to weak consumer confidence [36][37] Question: How is the company managing costs? - The company has successfully offset cost inflation through structural reductions and effective management of operating costs [6][26] Question: What are the plans for e-commerce growth? - The company aims to achieve 30% of group sales from e-commerce, with significant growth in marketplace sales [47][52]

The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Kingfisher PLC (KGFHY) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question. Kingfisher PLC is a member of our Retail-Wholesale group, which includes 211 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks S ...

VANCOUVER, British Columbia, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to provide an update on its exploration programs at the Séguéla Mine in Côte d'Ivoire. Séguéla Mine exploration highlights Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, "Kingfisher is rapidly shaping up as a substantial prospect for Séguéla, with a drill defined strike now over 2 kilometers in length and it remains open at depth. Recent drilling highlights include ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------|-----------------|---------|------------|-----------|----------|-----------|-----------|---------|-----------|--------------|---------|-------------------------| | | | | | | | 148 | 154 | 6 | 5.1 | 1.3 | RC | Kingfisher | | SGRD1839 743650 | 892700 | 433 | 260.1 | 90 | -60 | 238 | 241 | 3 | 2.6 | 3.8 | RCD | Kingfisher | | SGRD1840 743650 | 892800 | 425 | 310.8 | 90 | -60 | 220 | 242 | 22 ...

Kingfisher plc ADR (OTCQX:KGFHY) Q1 Trading Update Call May 22, 2024 6:00 AM ET Company Participants Majid Nazir - Investor Relations Anisha Singhal - Deputy Investor Relations Director Conference Call Participants Operator Good, that looks like everyone's here. So thank you for joining us this morning to hear from Kingfisher PLC, who announced their Q1 Trading Update yesterday. And today, we're going to hear from Majid Nazir and Anisha Singhal as they talk us through the presentation. There'll be an opport ...

Kingfisher plc ADR (OTCQX:KGFHY) Q1 Trading Update Call May 22, 2024 6:00 AM ET Company Participants Majid Nazir - Investor Relations Anisha Singhal - Deputy Investor Relations Director Operator Good, that looks like everyone's here. So thank you for joining us this morning to hear from Kingfisher PLC, who announced their Q1 Trading Update yesterday. And today, we're going to hear from Majid Nazir and Anisha Singhal as they talk us through the presentation. There'll be an opportunity for Q&A at the end, but ...

Kingfisher plc (OTCQX:KGFHF) Q4 2023 Results Conference Call March 25, 2024 5:00 AM ET Company Participants Majid Nazir - Investor Relations Thierry Garnier - Chief Executive Officer & Executive Director Bernard Bot - Chief Financial Officer & Director Conference Call Participants Warwick Okines - BNP Paribas Ami Galla - Citi Izabel Dobreva - Morgan Stanley Kate Calvert - Investec Grace Gilberg - Jefferies Richard Chamberlain - RBC Capital Markets Adam Cochrane - Deutsche Bank Thierry Garnier Thank you, Maj ...

Kingfisher plc (OTCQX:KGFHF) Q4 2022 Earnings Conference Call March 21, 2023 5:00 AM ET Company Participants Majid Nazir - Investor Relations Thierry Garnier - Chief Executive Officer & Executive Director Bernard Bot - Chief Financial Officer & Director Conference Call Participants Warwick Okines - BNP Paribas Adam Cochrane - Deutsche Bank Anne Critchlow - SG Georgios Pilakoutas - Numis Ami Galla - Citi Simon Irwin - Credit Suisse Tony Shiret - Panmure Gordon Georgina Johanan - JPMorgan Majid Nazir [Call st ...

King /jsher | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------|-------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Kingfisher plc | | | | | | | | | | Half Year Results 6 months to 31 July 2022 | | | | | | | | | | | | | | | | | | | | 20 September 2022 | | | | | | | | | Disclaimer You are not to construe th ...

Kingfisher plc (OTCQX:KGFHF) Q2 2022 Earnings Conference Call September 20, 2022 4:00 AM ET Company Participants Majid Nazir - Investor Relations Thierry Garnier - Chief Executive Officer & Executive Director Bernard Bot - Chief Financial Officer & Director Conference Call Participants Anne Critchlow - SG Pam Liu - Morgan Stanley Simon Irwin - Credit Suisse Richard Chamberlain - RBC Warwick Okines - BNP Paribas Adam Cochrane - Deutsche Bank Georgina Johanan - JPMorgan Majid Nazir So couple of quick - fire a ...