B&Q owner Kingfisher expects sales to grow

DIY/garden centre chain B&Q is set to report that it has benefited from the warmest April on record and a run of bank holiday weekends, which has helped sales of barbecues, garden furniture and outdoor toys.

B&Q reports booming sales for garden products this spring - image: B&Q
B&Q reports booming sales for garden products this spring - image: B&Q
Like-for-like sales in the three months to the end of April are likely to have grown by 1.5 per cent, according to reports.

Analysts at Bank of America (BoA) Merrill Lynch expect B&Q owner Kingfisher to report a three per cent rise in overall group sales to £2.73 billion, helped by sales in France and Poland.

Kingfisher has 330 B&Q and 162 under 162 Screwfix stores in UK and Ireland plus 203 in France trading as Castorama and Brico Depot.

A further 161 outlets are in Poland, China, Spain, Russia and Turkey and Kingfisher will look to double this figure over the long term.

The group recently bought 31 stores in the UK from collapsed rival FocusDIY, which started a closing down sale this week at www.everythingmustbesold.com.

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