B&Q profit up 20 per cent with outdoor living up 68 per cent

Retail profit at B&Q UK and Ireland has grown by 20.6 per cent to £46m in the third quarter of its financial year.

B&Q's outdoor living range sells well - image: B&Q
B&Q's outdoor living range sells well - image: B&Q

Parent company Kingfisher said total sales grew 0.4 per cent (down 0.9 per cent like-for-like ), with sales benefiting from the closure of Focus DIY in the second quarter. Sales of outdoor seasonal products were boosted by the warm autumn weather, with garden furniture sales up 68 per cent.

Non-seasonal products sales dipped around four per cent. up 68 per cent

Total sales for the Kingfisher Group went up 3.5 per cent to £2,814m in Q3, and increased 1.3 per cent like-for-like.

Group retail profit rose 13 per cent to £273m, driven by higher sales and continued margin initiatives, including more direct sourcing and the start of common ranging across the group, which also includes Castorama and Brico Dépôt in France.

The company is now in the penultimate quarter of its four-year 'Delivering Value' programme, the key components of which include growing group sourcing, reducing working capital, driving up B&Q UK & Ireland's profit and rolling out in Eastern Europe.

Kingfisher chief executive Ian Cheshire said:

"Our well-established programme of self-help initiatives has continued to drive our growth despite these difficult times for European consumers. I am pleased that our teams' hard work has resulted in healthy sales growth and a 13% profit growth in our third quarter... Looking ahead, the short-term outlook in our major markets remains challenging but Kingfisher is in good shape, and we are more able to drive market share gains, profit growth and higher cash returns."

He added:

"I'm enthusiastic about out longer-term prospects and the team here is excited about formally launching the second phase of self-help initiatives next year - 'Creating the Leader' - to drive more growth and shareholder value over the coming years."

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next



This huge but slightly odd genus offers multiple choices for the rock garden or alpine house, says Miranda Kimberley.

Horticulture education update - staying on course

Horticulture education update - staying on course

Raised levels of investment in horticulture education and increased student take-up is welcome news for the industry, says Rachel Anderson.

Are garden centres taking business from department stores?

Are garden centres taking business from department stores?

Can other garden centres learn from Petersham Nurseries and the fusion of retail elements in its new Covent Garden outlet?

Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs
More Horticulture Jobs

Horticulture Week Top 100 GARDEN CENTRES

Our exclusive ranking of garden centre performance by annual turnover. 

Garden Centre Prices

Peter Seabrook

Inspiration and insight from travels around the horticultural world

Read more Peter Seabrook articles

Neville Stein

Business advice from Neville Stein, MD of business consultancy Ovation

Read latest articles