From Morningstar: 2024-11-25 04:46:50

Kingfisher adjusted profit guidance down due to soft trading in October, now expects £510M-£540M pretax profit for year ending Jan. 31, 2025. Sales fell 0.6% to £3.22B in Q3, below expectations. Shares fell 13% in response. UK & Ireland sales rose 1.2%, France sales fell 6.4%, Poland sales rose 6.6%. Big ticket item sales dropped 4.0%. Chief Executive optimistic on market share gains and early signs of improvement in sales. Wage increases in UK and social tax changes in France expected to impact financials. Full-year results expected on March 25.



Read more at Morningstar: Kingfisher Shares Nosedive on Profit Warning