UK and Ireland still a drag on Kingfisher

DIY retailer Kingfisher saw sales growth in all three of its geographic regions in the 13 weeks to January 28th, though, as expected, like-for-like (LFL) sales in the UK and Ireland were lower than the year before.

Total sales were up 2.2% year-on-year, or 4.0% in constant currency terms, while LFL sales were up 0.9%, despite the UK & Ireland’s LFL sales being down 1.9% on the corresponding period of the prior year.

More to follow …