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Birmingham Post
Birmingham Post
Business
Abigail Turner

Screwfix and B&Q owner Kingfisher reports 'resilient' core performance in latest results

The parent company of Screwfix and B&Q has released its first quarter trading results, where it recorded sales of £3.3bn.

Retail giant Kingfisher said there was resilient performance in core and big-ticket categories, which make up 82% of sales. The company recorded improved trading since early April and better seasonal sales.

The company said that B&Q had "good performance" in the UK and Ireland, despite the "impact of the weather" on seasonal sales. It reported strong market share gains and positive LFL at the Yeovil-headquartered home improvement and DIY retailer Screwfix, with trade customers continuing to see strong pipelines.

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