Kingfisher have published their half year results for the six months ended 31 July 2022 with the overall performance in line with expectations.
The results showed that sales were ahead of pre-pandemic levels, up 16.6% on the 3-year LFL sales. These figures were supported by market share gains and the Group Q2 sales trend is ahead of Q1.
Sales from DIY and DIFM/trade categories remain strong, and the group is continuing to effectively manage the pressures from supply chain issues and inflation.
Thierry Garnier, Chief Executive Officer, said, “Kingfisher has delivered a very resilient first half of sales. While facing very strong comparatives from the prior year as well as a more challenging environment, LFL sales were 16.6% ahead of pre-pandemic levels with a sequential improvement from Q1 to Q2."
