B&Q owner Kingfisher reports hike in autumn sales

B&Q has reported a 5.7 per cent rise in like-for-like sales in the 13 weeks to the end of October thanks to a renewed interest in DIY and better-than-expected weather.

Sales of outdoor products including barbecues grew by 11 per cent, having been down 17 per cent the year before.

B&Q saw retail profits of £43m, up by 45 per cent.

B&Q's owner, Kingfisher, reported a 28.3 per cent rise in group retail profits to £227m.

Chief executive Ian Cheshire said: "This is a strong set of results." But he added B&Q expects "no early help from improved consumer demand".

 

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