Kingfisher plc (KGF.L) reported that its adjusted pre-tax profit was up 3.7 percent for the 6 months ended 31 July 2019, reflecting lower transformation P&L costs. Like-for-like sales were down 1.8 percent with growth in Screwfix, Poland and Romania offset by B&Q and France. Looking forward, Kingfisher said the outlook across its main markets for the rest of the year remains mixed, with the UK facing ongoing uncertainty. For fiscal 19/20, gross margin percentage guidance is unchanged. Kingfisher also announced that Thierry Garnier will join as CEO on 25 September.
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