Latest Views & News

Kingfisher has rising profits and hopes for Screwfix...but also falling B&Q sales

By Chris Bailey of Financial Orbit | Friday 19 November 2021

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

I said back in March about Kingfisher (KGF) that it ‘loves the rise and rise of DIYers’.  And you can see the impact on the share price over the last eight or so months, rising from well below 300p to over 350p.  But today the share is down over 4% at below 325p, and that is despite the company observing in its Q3 update today that it ‘continues to grow its market share, driven by strong execution of our new strategy’. So what is going on?

Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £5.99 per month for all articles, the Bearcast, and our seven year archive.

Filed under:

Subscribe to our newsletter

Daily digest of our latest stories.

Search ShareProphets

Market News

Complete Coverage

Recent Comments