Kingfisher lifts full-year profit and cash flow outlooks after reporting strong H1 earnings growth, bolstered by a 42% surge in marketplace GMV and resilient performance at Screwfix.
Kingfisher raised full-year profit guidance and reported higher H1 profit, indicating positive earnings momentum.
Kingfisher plc reported a 9.9% rise in first-half adjusted pre-tax profit to £404 million, driven by gross-margin gains and £44 million in structural cost savings. The home-improvement retailer subsequently raised its full-year profit guidance to a range of £595 million–£635 million, citing strong momentum in its trade, digital, and marketplace operations despite mixed market conditions.
The company cited strong first-half results, gross-margin improvements, and effective structural cost savings that successfully offset inflationary pressures.